TechCrunch is reporting 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.