Adds New Global Corporate, Venture Capital and Industry Veteran Investors
SANTA CLARA, Calif., Sept. 27 /CNW/ -- Quellan Incorporated, a leader in
Analog Signal Processing and RF Noise Cancellation, today announced that it
has closed $20 million in its Series C round of venture financing. The new
capital will be used to accelerate production and new products for consumer,
industrial and communications markets.
New investors include W.L. Gore & Associates, Inc. (Gore) -- a world
leader in Electronic Transmission Systems, Harbinger Venture Management --
backed by MiTAC, a world leader in GPS Personal Navigation Platforms, JAFCO --
a Tokyo based global venture capital firm established in 1973 and Glynn
Capital Management -- a diversified investment group established in 1975.
These new investors join Menlo Ventures, Yamacraw Capital Seed Fund, Cordova
Ventures, Samsung Ventures America, and VentureTech Alliance.
The Company also announced that Robert C. Dobkin has made an investment
in the company and has joined its Advisory Board. Mr. Dobkin is a veteran of
the analog semiconductor industry and the Founder of Linear Technologies, a
world leader in analog IC's, and currently serves as its Chief Technology
Officer and Vice President of Engineering.
"Quellan's combination of high-growth market focus, unique technology and
a proven team make it an exciting investment opportunity as well as
technically interesting," said Robert Dobkin, CTO and VP of Engineering at
Linear Technology. "Interference noise has been the pre-eminent limiting
factor in communications for decades and Quellan has a unique method to
"I'm very excited about Quellan's noise cancellation technology and its
ability to target a broad range of segments within the electronics market,"
says Russell Shaller, Division Leader for Gore's Electronic Products Division.
"I believe that through technical collaboration with Quellan we can add
significant value to the broad range of market segments in which Gore
Quellan recently announced a wide range of new product offerings
including it's flagship QNx RF Noise Canceller product line for consumer and
mobile product applications, the QHx Harmonic Suppressor for digital harmonic
noise suppression, and the QLx product line for enterprise and data center
"The noise cancellation opportunity has expanded to include consumer
electronics, enterprise, mobile wireless, computing and automotive," said D.
Tony Stelliga, President and CEO of Quellan Incorporated. "This new capital
and expanded world class investor group will ensure we continue to capitalize
on these new opportunities."
Quellan specializes in analog components that improve the performance and
functionality of electronic equipment by removing channel impairments and
noise. Quellan serves the Enterprise, Telecom, Broadcast, Automotive and
Consumer Electronics markets. Privately held, Quellan's investors include
Menlo Ventures, Cordova Ventures, Yamacraw Seed Capital Fund, Samsung
Ventures, Glynn Capital Management LLC, Venture Tech Alliance, JAFCO Ventures,
Harbinger Capital and W.L. Gore and Associates. For more information, please
contact Quellan at 408-774-0084 or http://www.quellan.com.
For further information:
For further information: Melissa Kallos of Quellan, Inc.,
+1-408-774-0084, Melissa@quellan.com Web Site: http://www.quellan.com