VeriWave Closes First RoundVeriWave Closes First Round

Financing led by U.S. Venture Partners enables VeriWave to develop testing and verification for WLAN products

February 17, 2004

1 Min Read

PORTLAND, Ore. -- VeriWave, Inc., a Portland-based start-up company, today announced that it has closed its first institutional round of funding from lead investor U.S. Venture Partners and joined by TL Ventures to address the need for 802.11 wireless LAN testing.

VeriWave was founded by a seasoned team of technology experts in networking protocols, verification, and test. The core team came from the Portland office of PMC-Sierra, Inc., a networking semiconductor company.

Heading up VeriWave are Christopher DeMonico, chief executive officer and Dr. Thomas Alexander, chief technology officer. Mr. DeMonico has over 23 years experience with technology companies, including vice president of AT&T Microelectronics Group, vice president of Lucent Technologies' IC Group, and vice president and corporate officer of PMC-Sierra. Dr. Alexander has over 18 years experience in the networking and computing industries. Most recently he was the principal architect for Ethernet products for PMC-Sierra. He is active in communications standards as an editor for the IEEE 802.3ae 10G Ethernet standard, and the chief editor of IEEE 802.17.

VeriWave will address the need for reliable testing for the burgeoning wireless local area network (WLAN) test market by providing the broadest and most flexible test solution for 802.11-based wireless LANs. Its first products will be announced later this year.

"We created VeriWave to provide test solutions for a rapidly expanding technology-wireless LANS," said Tom Alexander, founder and chief technology officer, VeriWave. "Unlike existing tools and methods that have been force-fit to address WLAN testing, we're developing a unique testing system specifically for wireless LANs. We've started from the ground up with a brand new approach that will complement current testing environments."

VeriWave

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