Company's Patented Radio Efficiency Technology Poised to Deliver up to Three Times Faster Performance in 3G and 4G Devices
San Mateo, Ca — November 19, 2008 — Quantance Inc., a fabless semiconductor company enabling a major breakthrough in data speed and battery life in mobile devices, today announced that it has raised $12 million in Series B funding. The $12 million in funding will allow Quantance to fully commercialize its technology for 3G wireless devices, the company's first target market. Quantance's patented innovations in radio frequency (RF) transmit chain efficiency enable users to send data from wireless phones or data cards up to three times faster than what can be achieved today, and supports coverage in areas where service was not available in the past.
With this Series B funding, Quantance now has the financial backing of new investors TD Fund, which led the round, and DOCOMO Capital Inc. Series A investors Granite Ventures and InterWest Partners also participated in this round. Jim Pastoriza, managing partner at TD Fund, will join the Board of Directors.
“Wireless carriers are investing heavily in high speed data, creating a multi-billion dollar opportunity,” said Pastoriza. “We see great potential in the breakthrough benefits Quantance technology brings to the wireless market. The fundamental performance enhancements that Quantance's innovations deliver make us believe the technology has the potential to be used in most wireless devices operating on 3G or 4G networks.”
Quantance is already close to achieving its commercialization goals, having performed carrier-audited tests on major wireless networks in the United States and Europe. In these tests, the technology has been proven that while maintaining stringent battery life requirements, it enables better coverage and much faster data speeds on live high-speed downlink packet access (HSDPA) and high-speed uplink packet access (HSUPA) networks.
“As uplink speeds kick-up significantly, starting with HSUPA at 5.8 Mbps, the industry will likely revisit an old issue of networks becoming uplink limited,” wrote Deutsche Bank research analyst Brian Modoff in an April 2008 wireless equipment report. “With high-speed uplink networks coming online, this issue is reappearing as devices lack the link budget to transmit at the higher data rates becoming available to them.” When asked recently about this situation, Modoff added, “These wireless link budget limitations are certainly creating noticeable coverage and data speed issues, and one way to attack this problem is with Quantance technology.”
“The real power of our technology lies in the fact that it improves the overall user experience by offering more bits of throughput, more bars of coverage, and more battery life for today's wireless devices,” said Vikas Vinayak, CEO of Quantance. “These features are of great importance now that use of smart phones and demand for wireless data applications are rapidly growing. And, it becomes even more important as carrier networks evolve from 3G to 4G standards.”
Quantance was able to secure Series B funding in today's difficult venture capital environment because the company has successfully executed under Series A funding and its technology is inherently strong, having already been granted fundamental patents on its technology. In parallel, Quantance has developed its first chip — the Q1000 — which began sampling in Q2 2008 and will be available for production volumes in Q2 2009. With the Q1000, Quantance plans to supply components for 3G wireless phones, smart phones and data cards, but it also will address other areas, such as long term evolution (LTE) and WiMAX devices, base stations and mass market consumer power supplies for which small size is paramount.
Quantance is a venture-backed analog/RF semiconductor start-up based in Silicon Valley. With its patented innovations in RF transmit chain efficiency, Quantance maximizes performance of wireless phones, data cards and other mobile consumer devices on 3G, 3.5G and 4G networks. The Quantance technology enables more signal power using less battery power, which results in faster data speeds, better data coverage, and longer battery life, all while helping to reduce excessive heat buildup in the wireless device. For more information, please visit www.quantance.com.