ASSIA, which supplies software for Dynamic Spectrum Management (DSM) of DSL networks, has secured $20.8 million in strategic investment financing. New investors Telefonica, AT&T, and Sandalwood Partners join current investors Mingly China Growth Fund, SFR Development, Sofinnova Partners, Stanford University, Swisscom Ventures, and T-Ventures. ASSIA previously announced an early close of $10 million in this financing round.
"ASSIA is pleased to have additional telecommunications service providers close this financing round to accelerate ASSIA's next-generation products to market. These strategic investments are an endorsement of ASSIA's solutions and recognize the successful deployment of ASSIA's first generation of software products," said Dr. John Cioffi, Chairman and CEO. "ASSIA welcomes our new investors and thanks current investors for their continuing support."http://www.assia-inc.com
- ASSIA stands for Adaptive Spectrum and Signal Alignment Incorporated.
- ASSIA is headed by Dr. John Cioffi, a veteran of the DSL industry, having served as founder, CTO and Vice President of Engineering at Amati prior to its acquisition by TI in 1997. Dr. Cioffi also held a tenured endowed professorship at Stanford University in the Department of Electrical Engineering from 1985-2009, where he is now an active Professor Emeritus with small research efforts there in broadband access.
