Cognio, Inc. Brings In $12.5 Million in Series B Round.Business Editors/High-Tech Writers NATICK, Mass.--(BUSINESS WIRE)--March 4, 2003 Cognio, Inc. (http://www.cognio.com), a leading innovator of cognitive radio Cognitive radio is a paradigm for wireless communication in which either a network or a wireless node changes its transmission or reception parameters to communicate efficiently avoiding interference with licensed or unlicensed users. solutions, today announced that it has completed a $12.5 million funding round from top venture capital investors to bring its patented Cognitive Link Processing (CLP 1. CLP - Cornell List Processor. 2. CLP - Constraint Logic Programming. ) technology to market. The lead investors in the round were North Bridge Venture Partners and ABS Ventures, both previous investors in the Company. About Cognio's CLP Technology Cognio's patented CLP technology overcomes fundamental limitations to the broader deployment of unlicensed band See ISM band. wireless products by providing breakthrough reliability, range and performance in a standards-compliant, cost effective framework. CLP is being offered as silicon and intellectual property components to WLAN See wireless LAN. WLAN - wireless local area network semiconductor and equipment manufacturers worldwide. "Cognio's CLP solution solves the very real problems that consumers and business users have with current technology, including poor rate at range and unacceptable reliability," said Kurt Hoff, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cognio. "Our investors and partners recognize the tremendous value Cognio's products will bring to the market. This money will enable us to deliver a stream of innovative products that address the strong market demand." About North Bridge Venture Partners North Bridge Venture Partners (www.nbvp.com) is an active, early-stage venture capital fund. In addition to Cognio, Inc., North Bridge has helped launch other successful companies such as Cascade Communications Cascade Communications was a Westford, Massachusetts based manufacturer of communications equipment. Founding Cascade was founded by Desh Deshpande in 1990, and was led by CEO Dan Smith. Product Cascade made a compact Frame Relay system. , New Oak, Sonus Networks and Wellfleet Communications Wellfleet Communications was an Internet router company based in Billerica, Massachusetts. In an attempt to more effectively compete with Cisco Systems, it's chief rival, it merged in October, 1994 with SynOptics Communications of Santa Clara, Calif to form Bay Networks in a deal . About ABS Ventures ABS Ventures is a leading institutional venture capital firm, focusing on communications companies since 1982. ABS Ventures makes both early-stage and growth capital investments throughout the United States. About Cognio, Inc. Founded in November 2000, Cognio is a leading innovator of cognitive radio solutions for unlicensed band wireless solutions. Cognio is headquartered in the Boston area with engineering design centers in Gaithersburg, MD and an affiliated office in Ottawa, Canada. Cognio is privately held with venture investments from North Bridge Venture Partners and Deutsche Bank. |
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