Samplify Systems raises $6.1 million round for compression technology
Samplify Systems has raised a $6.1 million new round of funding for its data compression technology business. Investors include The Formative Ventures Emerging Technologies Fund.
The company is based in Santa Clara, Calif., and it makes compression engines that solve communications and storage bottlenecks in embedded systems. It delivers the technology either in the form of software or chip components. It can license the technology, for instance, to be used in somebody else’s chip for $25,000 a year plus royalties. The technology is aimed at military, medical imaging, security, data acquisition and test equipment.
Tom Sparkman is chief executive. He has 20 years of experience in chip sales and marketing and spent the last 19 years at Maxim Integrated Products. Al Wegener, founder and chief technology officer, has 25 years of experience and most recently ran the custom chip design center for Texas Instruments in Palo Alto, Calif. As the need to convert data from one form to another continues in the digital age, compression technology will be increasingly important as people try to ship more data over thin communications lines.
Previously, Samplify raised $6.5 million from Charles River Ventures and Formative Ventures in 2007.
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About the Author, Dean Takahashi
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. Dean previously worked at the San Jose Mercury News, the Wall Street Journal, the Red Herring, the Los Angeles Times, the Orange County Register and the Dallas Times Herald. He is the author of two books, Opening the Xbox and the Xbox 360 Uncloaked. Follow him on Twitter at @deantak, and follow VentureBeat on Twitter at @venturebeat.