Cohda Wireless Obtains $1.8m in Series A Funding; SciVentures Investments, Epicorp Limited, M-Group, others Participate in Funding.ADELAIDE, Australia & ORLANDO, Fla. -- Cohda Wireless Pty. Ltd., an innovative developer of municipal and public safety wireless technologies, announced today that it has raised $1.8m in its Series A round of funding. The investors in the round are Australian based venture capitalists; SciVentures Investments, Epicorp Limited, M-Group together with several individual investors. The funding enables Cohda Wireless to aggressively pursue its plans to commercialize its technology, to expand operations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , including the build-out of demonstration networks, and will take the company to a planned $5-8m round of funding in mid-2006.
"Cohda Wireless is developing innovative technology that enhances broadband wireless See wireless broadband. performance," said Wayne Fitzsimmons, Principal of the M-Group. "Municipal wireless has extraordinary growth potential and we are confident that Cohda Wireless has the management team and technology in place to exploit this rapidly emerging market opportunity."
Cohda Wireless is developing technology that enhances mobile broadband Description
Mobile Broadband is a type of wireless internet access that differs from Wi-Fi.
Mobile Broadband is the name used to describe the 3G services which are made possible by HSDPA and HSUPA, the latest technologies on the W-CDMA evolutionary path. wireless performance via advanced digital signal processing See DSP.
Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). technology. The company's solutions overcome the limitations of existing and emerging 802.11, 802.16 and 802.20 wireless standards to deliver drastically increased range, the ability to operate in outdoor, non line-of-sight (non-LOS) environments, and high-speed mobility, fundamentally altering both the performance characteristics and economics of muni-wireless deployments.
Cohda Wireless gives vendors of muni-wireless networking solutions a competitive advantage by empowering them with technology that drastically reduces the number of devices needed per square mile required to deliver robust broadband wireless in outdoor, non-LOS and high-speed mobile deployments. The company's technology is currently under development and will be formally unveiled in the third quarter of 2006.
"Cohda Wireless' technology is already being demonstrated in trial deployments in Australia," said Martin Suter Martin Suter (b. February 29, 1948, Zürich) is a Swiss author. He became known for his weekly column Business Class in the Weltwoche newspaper (1992–2004), now appearing in the Tages-Anzeiger, and another column appearing in "NZZ Folio". , 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 Cohda Wireless. "This round of funding will enable us to advance product development to commercialization, and to build trial networks in the US, enabling us to further develop relationships with muni-wireless OEMs who can leverage our technology to improve the performance and reduce the cost of their networks."
Cohda Wireless had previously been funded by research grants and seed capital from the SciVentures Pre-Seed Fund, the Epicorp Seed Fund and the University of South Australia's commercialisation arm, ITEK.
About Cohda Wireless Pty Ltd PTY LTD Propriety Limited (company structure in Australia) .
Cohda Wireless is headquartered in Adelaide, Australia and with US operations in Orlando, Florida,. Cohda enhances broadband wireless performance via advanced digital signal processing technology that overcomes the limitations of existing and emerging 802.11, 802.16 and 802.20 wireless standards to deliver drastically increased range, enhance the ability to operate in non line-of-sight (non-LOS) outdoor environments, and enable high speed mobility. The company was founded by, and is led, by pioneers in the field of advanced iterative receiver design and implementation. The product of years of research and development at the Institute for Telecommunications Research at the University of South Australia, the company is funded by research grants and venture capital investment from SciVentures Investments, Epicorp Seed Fund, among others.
About SciVentures Investments Pty Ltd.
SciVentures Investments Pty. Ltd. ("SciVentures") is an Australian-owned and operated funds management company. It was established in April 2002. To date, SciVentures has operated primarily in the start-up new business space in a range of high technology disciplines. SciVentures was a recipient of an Australian Federal Government license under its Pre-Seed Fund Program.
About Epicorp Seed Fund Pty Ltd
Epicorp has developed a portfolio of high-value Australian information and communications technology companies. Epicorp is owned by public institutions including the Commonwealth Scientific and Industrial Research Organization, Australian National University Australian National University, located in Canberra and state-sponsored, founded 1946 as Australia's only completely research-oriented university. Originally limited to graduate studies, it expanded in 1960, merging with Canberra University College (est. 1929). , National ICT (1) (Information and Communications Technology) An umbrella term for the information technology field. See IT.
(2) (International Computers and Tabulators) See ICL.
1. (testing) ICT - In Circuit Test. Australia and the University of Canberra The University of Canberra is an Australian university, located in Canberra, the capital of Australia. It is the second largest university in Canberra. The University was one of nine Australian universities recognised by the Australian government in 2006 for high achievement in . It manages a number of funds, primarily through the support of the ICT Incubator Program (ICTIP ICTIP Intergovernmental Council on the Technology of Information Processing
ICTIP Information, Communication Technology Internet Presence ) as operated by the Australian Government Department of Communications, IT and the Arts.
About Mooroolbark Technology Pty Ltd (M-Group)
With offices in Melbourne, Sydney and Washington, the Mooroolbark Group of companies (M-Group) is a leading "boutique-style" venture capital investor. M-Group provides equity financing Equity Financing
The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. , business assistance and corporate advisory services advisory services
advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to small to medium-sized Australian and international companies - particularly those with a desire for growth and expansion. Established in 1997, the M-Group has concluded many successful investments into Australian and US companies and has developed a sound reputation as a specialist investor in ICT, Bio Tech and other market sectors.