ATDC company Qualtre, which is working on advanced motion sensors, closed a $5 million Series A round from Matrix Partners. Employing a fabless semiconductor business model, Qualtre is an early stage company that intends to launch its first product early next year. It will be the first-ever three-axis single-package gyroscope for consumer electronics markets. Sounds complicated. And it is. Qualtre came to ATDC via VentureLab.
TechJournal South has a nice writeup on the funding.
Congrats to Mike Slawson, Farrokh Ayazi, and the rest of the Qualtre team!
Clearleap, a new video technology company that recently joined ATDC, has closed its first round of venture capital funding. Industry leaders Trinity Ventures of Menlo Park and Noro-Moseley Partners of Atlanta co-led the $9 million investment.
Fred Wang of Trinity and Alan Taetle of Noro have been named to Clearleap’s board of directors. They are joined by Sig Mosley of Imlay Investments and Jim Chiddix, who both took a minority stake in the company.
Clearleap is developing a platform that brings the breadth and diversity of Internet video to the convenience and quality of TV. Clearleap was co-founded by Braxton Jarratt and John Vecchio, veterans of venture funded N2Broadband, a video pioneer acquired by Tandberg for $120 Million in 2005.
Join me in congratulating Braxton and John for taking this big step.
Qualtre has entered ATDC.
Qualtre was founded in 1995 2005 and is commercializing MEMS technology largely developed at Georgia Tech’s Integrated MEMS Lab, regarded as one of the world’s leading MEMS centers. The company is licensing eight inventions, covering design, processing, and packaging. One invention, the tuning fork gyro, has already been patented. Founders Farrokh Ayazi, Ph.D and Mehran Mehregany, Ph.D. are well-known experts in the MEMS field and have previously collaborated. Former venture capitalist Mike Slawson was introduced to the company by VentureLab and recently joined the team as CEO.
Qualtre fills a large market gap, initially for military customers but ultimately for consumer markets, by enabling high performance, robust, highly integrated, and cost effective inertial (motion) sensing solutions based on a revolutionary micro-machined (MEMS) technology platform.
Qualtre, will have its coming out party at ION on Wednesday.