Saturday, 23 September 2017

Ranovus bags $11m round of financing

Ranovus
Wednesday 25 September 13

RANOVUS Inc., a leading provider of multi-terabit interconnect solutions for Data Center and communications networks, today announced the closure of an $11 million round of financing. RANOVUS’ mission is to deliver innovative interconnect solutions to enable a scalable infrastructure to keep pace with the ever-increasing demand for fast, reliable and cost…

RANOVUS Inc., a leading provider of multi-terabit interconnect solutions for Data Center and communications networks, today announced the closure of an $11 million round of financing.

RANOVUS’ mission is to deliver innovative interconnect solutions to enable a scalable infrastructure to keep pace with the ever-increasing demand for fast, reliable and cost-effective network connectivity. Our technology delivers significant reduction in power dissipation, size and cost of interconnects, and enables a much lower latency compared to traditional solutions.

”We started RANOVUS with a world-class team of technologists and marketers to address the ever increasing challenge of cost-effectively scaling Data Center networks. Our platform technology enables Data Center operators to achieve cost-effective, power efficient and low latency connectivity from 100Gb/s to multi Tb/s,” said Hamid Arabzadeh, RANOVUS’ Chairman, President and CEO. “We are delighted to have such reputable global investors as Azure Capital Partners, T-Venture, BDC Venture Capital, and OMERS Ventures sharing our vision and investing in RANOVUS as we enter the market validation phase of our disruptive product portfolio.”

RANOVUS’ product platform is enabled by the company’s innovation in Quantum Dot Multi-Wavelength Laser technology combined with advanced digital and photonics integrated circuit technologies.

“Over the last decade we have invested and closely partnered with emerging technology leaders that have transformed the landscape of the communications industry. RANOVUS’s solutions enable a high capacity platform for cost-effective terabit interconnectivity-- a reality that is required for the new cloud computing infrastructure,” said Paul Ferris, founding General Partner, with Azure Capital Partners. “The RANOVUS team are veterans in the industry and have already delivered key technology milestones while partnering closely with leading data center players, network operators and OEMs to deliver their first market defining product.”

“There has never been a better time to invest in companies that address global resource, productivity and efficiency challenges. RANOVUS is such a company, commercializing innovative technology,” stated Larry Lam, Partner with the BDC Venture Capital Energy/Cleantech Fund. "Their ability to raise this level of funding from a series of tier-1 investors is a testament to their value proposition. I’m very excited to join the team as a member of the board of directors and look forward to supporting the company in its exciting journey.”

RANOVUS will utilize the new round of financing to execute on the company’s innovative roadmap, its expansion plan to support product delivery and ramp up its leading interconnect solutions.
 


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