Funding Fuels Stargus' Launch Plans
Although the economy remains as soft as a pillow, one cable-technology startup still has managed a sizable amount of funding.
Stargus Inc. said it landed $10.15 million in series B funding led by Castile Ventures, Pilot House Ventures, ADC Telecommunications, Still River Fund, Lauder Partners and YAS Broadband Ventures. Stargus netted $3.4 million from an earlier investment round.
Launched last June, Stargus is building a network management system for the "low-cost" delivery of advanced, cable-based services such as Voice-over-IP, streaming media, tiered services and commercial data.
VP of Marketing Rafe Leeman said Stargus is in a number of technical trials with undisclosed MSOs, and expects to launch its first set of applications before the end of this year.
Working within DOCSIS parameters, Stargus' system is being designed to "see" potential faults and congestion inside cable networks. Stargus said it will do that by managing the network from the CMTS to the modems on the network.
Though cable has found success in best-effort data, there's an opportunity for operators to generate more revenue through the introduction of more advanced IP services–without "spending a lot of new capital," Leeman said. Because two-way plant is susceptible to outside transmission sources and temperature variations, cable operators "now need to pinpoint where problems are occurring and how plant is performing," he added.
Leeman said Stargus will target cable initially, but "we think our technology could be applicable to other broadband technologies."