Monitoring Division spins out to Silicon Valley
March 3rd, 2008 Posted in Australia, Silicon Valley, Startups, Venture Capital
No relation to Joy Division, the 80’s rock group, Monitoring Division is a new company focused on radically reducing noise on optical fibre and giving telcos a wavelength bandwidth increase. It resulted from cross fertilisation between scientists from different disciplines - always great to see.
A spin out from the Melbourne lab of NICTA, Australia’s ICT Centre of Excellence, the company is based in Silicon Valley. With funding from NICTA’s internal fund and Melbourne based early stage VC, Starfish Ventures, the company has signed a licence agreement with Optium.
This is NICTA’s fourth spin out company - it’s great to see the pipeline working and good luck to the team!
