WALTHAM, Mass.--(BUSINESS WIRE)--Q Factor Communications Corp. (www.qfactor.com) today emerged from stealth mode and announced it has received $6.5 million in funding from Sigma Prime Ventures (www.sigmaprime.com) and Venrock (www.venrock.com). The company also revealed its focus on solutions that dramatically improve the delivery and viewing of media-rich content on mobile devices such as smartphones and tablets.
Q Factor’s proprietary dynamic packet recovery technology – DPR™ – allows any company delivering content over wireless to eliminate data packet loss and give users a higher quality experience. “We’ve all been there and it’s incredibly frustrating,” said company founder and CEO Subhash Roy. “You try to stream a video, download a song, or even just access a large file from your mobile device, and you end up staring at the dreaded spinning progress wheel. Our goal is to eliminate that wait.” With its software only solution, Q Factor makes it easy for companies to implement their solutions and quickly have a significant improvement in performance. The software will be commercially available in early 2014.
Mobile devices are rapidly becoming the preferred way for consumers to view media. By August of 2013, mobile devices had reached a 20% delivery share of media, equaling on-line viewing (source: eMarketer, Inc. August 2013). “Accessing Web content over wireless is increasingly becoming the standard, but the user experience today is terribly erratic,” said John Simon, General Partner at Sigma Prime Ventures. “Q Factor’s technology offers a powerful solution that provides dramatic gains in performance.”
“Subhash and his founding team have unparalleled experience and knowledge of this market,” added Mike Tyrrell, Partner at Venrock. “The combination of this talent and their disruptive technology will prove to be a game-changer in delivering content over wireless.”
“We are fortunate to have the expertise and support of Sigma Prime Ventures and Venrock as we continue to build Q Factor,” said Roy. “We are extremely excited about the future of the business.” Both John Simon and Mike Tyrrell have been added to Q Factor’s Board of Directors, joining Roy and seed investor Zenas Hutcheson. “Congrats to the Q Factor team on securing their Series A,” added Hutcheson, who has been involved with the company since it was founded. “I expect Q Factor’s DPR™ to find widespread adoption in a broad range of wireless solutions including media players, VPNs, cloud back-up, multiplayer gaming, and other mobile-enabled applications.”
About Q Factor
Q Factor radically improves user experiences over today’s increasingly congested wireless networks by streamlining the distribution of content. As the world becomes more-and-more unwired, users still expect their browsing or viewing experiences on any device, in any location to be consistent, uninterrupted and high quality. For this to happen, a lot of complex data needs to make its way through the air to each device. Pieces of that data, or packets, often get lost or delayed, degrading quality and frustrating users. Q Factor’s powerful technology fixes that problem and ensures users get what they want, when then want it, with no interruptions. Founded by a team of proven entrepreneurs, Q Factor is committed to changing the wireless world. The company is headquartered in Waltham, Massachusetts and has received venture capital funding from Sigma Prime Ventures and Venrock.
About Sigma Prime Ventures
Our first-hand experience allows us to give early-stage companies both tactical and strategic guidance and access to a powerful business network. Our team has founded or cofounded 10 companies, helped run 10 companies, and collectively been responsible for exits worth over $4.2B in companies where we were operators. We invest in early stage technology companies focusing on SaaS, Cloud, Mobile, disruptive technologies and technology-enabled service companies. Our primary investment focus is on the Eastern half of the United States and we are currently investing out of our recently-closed Sigma Prime Ventures IX fund.
About Venrock
Originally established as the venture capital arm of the Rockefeller family in 1969, Venrock continues a tradition of partnering with entrepreneurs to establish successful, enduring companies. With a primary focus on technology and healthcare, portfolio companies have included Adify, Apple Computer, Athenahealth, Centocor, Check Point Software, DoubleClick, Endeca, Gilead Sciences, Idec Pharma, Imperva, Illumina, Intel, Millennium Pharma, SlideShare and Tudou. For more information, please visit Venrock’s website at www.venrock.com and follow the firm on Twitter at @venrock.
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