Quake Gets $12M 1st Round

Quake Gets $12M 1st Round

October 17, 2000

1 Min Read

Mohr, Davidow Ventures (MDV), an early-stage venture capital firm, today announced it has invested $12 million in Ottawa, Ontario-based, Quake Technologies, Inc., a fabless semiconductor startup developing physical layer chips for high-speed optical networking applications. This investment underscores MDV’s commitment to fund and drive new businesses in the areas of optical components, systems and networking - all critically important to addressing the explosive demands for greater Internet bandwidth and capability.

Quake is entering an emerging market that telecommunications analysts forecast will grow at a rapid rate. The Dell'Oro Group predicts that worldwide sales of optical networking systems will exceed $23 billion US by 2004. Quake will play a pivotal role in building electronic subsystems that enable future generations of optical networks to scale dramatically in performance and functionality.

http://www.quaketech.com

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