QFactor raises $6.5m Series A

TechCrunch is reportingScreen Shot 2013-10-29 at 9.20.08 AM that one of the Archimedes LAbs portfolio companies – QFactor – has raised a $6.5m round of financing from Sigma Prime Ventures and Venrock.

I first met Subhash Roy in March 2012. He was a former associate of Archimedes CEO Kambiz Hooshmand. Subhash had licensed and developed a new algorithm that on the face of it was like magic. It could enable a bad wireless connection to perform almost perfectly, thus re-invigorating unused bandwidth. We helped with product planning and positioning and are now happy investors in Subhash’s company. Congrats to the entire team.

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