Samplify Completes $6.5M Funding

MENLO PARK, Calif. -- Samplify, a real-time compression IP provider, today announced that it has secured $6.5 million in Series A funding from Charles River Ventures and Formative Ventures. Samplify will use the proceeds to accelerate product development and expand its engineering, sales and marketing teams. Samplify recently launched its high-speed, FPGA-based sampled-data compression technology. Samplifys technology can compress real-time signals up to 40 Giga samples per second, solving the storage and bandwidth bottlenecks typically found in medical imaging, wireless infrastructure, automated test, military, and instrumentation systems.

"The support of two top-tier venture capital firms, Charles River Ventures and Formative Ventures, is a strong endorsement of Samplify's technology and strategy," said Al Wegener, Samplify founder and CTO. "Samplify's patented algorithms are designed to address the significant limitations in high-performance data acquisition, transfer, and storage."

"There is tremendous potential in the application of Samplify's compression technology across a wide range of industry segments today," said Bruce Sachs, of Charles River Ventures. "Samplify is positioned to not only take advantage of the opportunities, but also to define them."

Samplify Systems Inc.