ASSIA, which supplies software for Dynamic Spectrum Management (DSM) for DSL networks, closed a Preferred Stock offering with a total participation of $25 million. The company has raised over $54 million to date.
Previous investors in ASSIA have included Telefonica, AT&T, and Sandalwood Partners, Mingly China Growth Fund, SFR Development, Sofinnova Partners, Stanford University, Swisscom Ventures, and T-Ventures.
Development projects funded by this latest round of investment include software features for vectored VDSL networks, Wi-Fi management solutions, and additional functionality available through ASSIA’s websites.
“ASSIA greatly appreciates the confidence our investors continue to demonstrate in our business plan,” said Dr. John M. Cioffi, ASSIA chairman and CEO. “This latest investment round solidifies the foundation for our future product and growth plans.”
- 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.