Ottawa’s Ranovus Secures $11 Million in Funding From BDC, OMERS and More

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Ranovus Inc., a Ottawa and San Jose-based leading provider of multi-terabit interconnect solutions for Data Center and communications networks, announced its $11 million round of financing today. The deal was led by Azure Capital Partners, T-Venture, BDC Venture Capital, and OMERS Ventures.

The company plans to use the investment to support its “innovative roadmap”, or its expansion plan to support product delivery and ramp up of its leading interconnect solutions.

”We started RANOVUS with a world-class team of technologists and marketers to address the ever increasing challenge of cost-effectively scaling Data Center networks. Our platform technology enables Data Center operators to achieve cost-effective, power efficient and low latency connectivity from gigabytes per second to multi terabytes per second,” said Ranovus’ Hamid Arabzadeh.

Ranovus is a solution provider for the next generation interconnects for the telecommunications and information technology industries. It’s main product is “Quantum Dot Multi-Wavelength Laser technology” and “advanced digital and photonics-integrated circuit technologies” that are setting a new industry benchmark for “the lowest power dissipation, size and cost for the next generation of optical interconnect solutions.”

As a mere earthling, I do not know what that means, and thus I will try and explain it to fellow earthlings in a cogent manner: mainly, it revolves around next-generation cloud infrastructure and “optical interconnect solutions”.

Social networking, cloud computing, big data analytics and mobility all require a scalable infrastructure to keep pace with the ever-increasing demand for fast, reliable and cost-effective network connectivity. Along with that, Data Center and Network Operators are investing more in their infrastructure to improve the user experience by converging their infrastructure into a “single service delivery layer”.

Ranovus’ technology, specifically its “Quantum Dot Multi-Wavelength Laser technology” is setting a new industry benchmark for the next generation of “optical interconnect solutions.”

What are optical interconnect solutions? They enable a way of communication by optical cables, which are capable of a much higher bandwidth than traditional cables. The technology is currently being introduced as a way to link computers to mobile devices, as well as on motherboards and devices within computers.

On Ranovus’ website, it says its technology delivers “significant reduction in power dissipation, size and cost of interconnects, and enables a much higher degree of distortion tolerance compared to traditional solutions, thereby enabling a ‘freeway’ architecture to reduce network latency.”

Back to the investment, BDC Venture Caputal’s Larry Lam said that “there has never been a better time to invest in companies that address global resource, productivity and efficiency challenges.”

“Ranovus is such a company, commercializing innovative technology,” said Lam. “Their ability to raise this level of funding from a series of tier-1 investors is a testament to their value proposition. I’m very excited to join the team as a member of the board of directors and look forward to supporting the company in its exciting journey.”

Joseph Czikk

Joseph Czikk

Joseph Czikk is Managing Editor at Betakit. Prior to Betakit Joseph wrote for the National Post, Montreal Gazette, Vancouver Sun, Regina Leader Post, Techvibes and BC Business Online. Joseph often goes crazy on twitter during NHL and NFL games.