25/01/2010  11.00
NICTA congratulates its first spin-out company Audinate, a leading developer of digital media networking solutions, for securing $AUD4 million in additional funding. The latest round of funding was led by existing investors, Starfish Ventures and Innovation Capital.

“NICTA congratulates Audinate on its market success since it spun out of NICTA in 2006 and thanks Starfish Ventures and Innovation Capital for their continued support of NICTA and Audinate,” NICTA Commercialisation Director Rob Fitzpatrick said.

Audinate produces TCP/IP-based Dante™ networking technology which provides a high performance media transport that is tightly synchronised, with sub-millisecond latency. The technology reduces cost by eliminating the need for expensive, bulky copper analogue wires. One Cat-5 Ethernet cable can replace 500 analogue connectors thereby eliminating massive amounts of cabling from large installations. 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.

Audinate’s media release announcing the new funding can be viewed at http://www.audinate.com/.

Document(s):  NICTA spin-out Audinate secures $AUD4 million in additional funding
Contact: Dorothy Kennedy
Phone: +61 2 9376 2098 or +61 488 229 687
Email: dorothy.kennedy@nicta.com.au