ASSIA Secures $20.8M in Financing

ASSIA Inc., a Redwood City, CA-based provider of high-performance software tools for Dynamic Spectrum Management (DSM) of Digital Subscriber Line (DSL) networks, has secured $20.8m in strategic financing.
New investors Telefonica, AT&T, and Sandalwood Partners have joined existing shareholders Mingly China Growth Fund, SFR Development, Sofinnova Partners, Stanford University, Swisscom Ventures, and T-Ventures. 
The company previously held an early close of $10m in this round. 
The funds will be used to accelerate commercialization of its products, which are designed to enable DSL service providers to realize speed and reach improvements, lowering operating and capital expenses. According to an official press release, ASSIA’s products and services allow providers to launch innovative services such as IP television, faster wireless data transfers to smartphones using broadband, and 100+ megabits per second (Mbps) service over existing phone lines.

Join the discussion