Audinate Raises Additional $4 Million in Funding to Fuel Growth
Sydney, Australia – 21 January, 2010 – Audinate Pty Ltd, a leading developer of digital media
networking solutions, announced it has secured $4 million in additional funding. The latest
investment round was led by existing investors, Starfish Ventures and Innovation Capital.
Audinate is making traditional analogue cabling obsolete in favour of TCP/IP-based networking
technology. Dante™ provides a high performance media transport that is tightly synchronised,
with sub-millisecond latency. Audinate’s digital networking solution reduces cost by eliminating
the need for expensive, bulky copper analogue wires. With Audinate, one Cat-5 Ethernet cable
can replace 500 analogue connectors thereby eliminating massive amounts of cabling from
large installations. Equally important is that Audinate’s Dante™ networking solution is a true
plug-and-play solution because devices and channels are automatically discovered and easy to
program.
Audinate’s solution has been widely adopted by the leaders of the A/V industry. Audinate has
developed alliances with major OEM partners including Bosch, Yamaha, Peavey, Dolby, and
Lab.gruppen. “Over the past three years Audinate has transformed how high quality media
networks are deployed by using standards based IT networking. These industry leaders are at
the forefront of driving network convergence of A/V and IT infrastructure,” stated Lee Ellison
CEO of Audinate. “This investment will allow Audinate to continue to expand our global sales
and support organizations, and accelerate development efforts to support our rapidly expanding
customer base.”
“Audinate has created the world’s first truly compliant IP over Ethernet networking solution for
the professional and installed Audio Visual industry,” said Michael Panaccio, Investment
Principal of Starfish Ventures. “Audinate’s management team has consistently delivered on
transforming its unique technology into a great global business.”
“Audinate has been widely recognized for its superiority in delivering a highly scalable, low
latency media distribution network which significantly reduces costs of cabling and simplifies
installations,” stated Roger Price, General Partner of Innovation Capital. “We have been
extremely impressed with the momentum of adoption among the major OEMs who have
committed to implementing Audinate’s solution.”
About Audinate
Audinate revolutionizes the way that AV systems are connected by transporting high quality
media over standard IT networks. Using Audinate's patent pending networking solution, digital
media networking just got easy. Audinate’s solution has been licensed by customers across the
AV industry and can be found in installations, live sound, recording and broadcast applications
globally. Audinate offices are located in the United States and Australia. Visit
www.audinate.com for the latest news and information on the company.
About Starfish Ventures
Established in 2001, Starfish Ventures is a venture capital fund manager seeking superior
returns through active investment in innovative technology companies. Starfish Ventures has
$400 million in funds under management and has made investments in over 35 companies to
date. Starfish Ventures seeks investments in emerging businesses across all technologies
sectors, including information and communications technology, biotechnology and life sciences,
industrial technology, and cleantech. For more information, visit www.starfishvc.com.
About Innovation Capital
Innovation Capital is a leading Australian venture capitalist with $100m under management.
Innovation Capital invests in early to mid stage, companies that have the potential to become
worldwide leaders in their industry. It provides finance and commercial expertise to assist
Australian entrepreneurs build world class technology companies. Innovation Capital has offices
in Australia and the United States. For more information, visit www.innovationcapital.net.
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