Ofidium secures A$6 Million in series A funding
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Bangalore: Ofidium, which facilitates increased bandwidth and reduced costs for telecommunications networks, has secured A$6 million series A investment from Starfish Ventures. Ofidium will use the funds to commercialize its unique optical OFDM technology, to enable 100 Gigabit-per-second transmission over existing telecommunications infrastructure. "Telecommunications carriers face a major challenge to support continued growth in bandwidth demand throughout the network without a cost explosion. Ofidium's optical OFDM technology solves this challenge," said Jonathan Lacey, Ofidium's Chief Executive Officer. Ofidium's optical Orthogonal Frequency-Division Multiplexing (OFDM) technology provides cost-efficient capacity growth for new optical fiber, and dramatic performance improvements for existing network infrastructure. Ofidium's patented optical OFDM technology was pioneered by Professors Jean Armstrong and Arthur Lowery of Monash University. Professor Armstrong is an innovator in OFDM systems, and Professor Lowery, Ofidium's founder and Chief Technology Officer, is specializing in optical technology. Ofidium maintains a close relationship with Monash University via a research contract.

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