NCITA spin out scores $4M in funds

National ICT Australia (NICTA) spin-out, Audinate, has secured a further $4 million in venture capital funding to develop high performance TCP/IP networking equipment.

The Sydney-based company has developed equipment that can replace up to 500 audio and video cables with a single cat-5 networking cable. It was used last year at the Star Trek premiere at the Sydney Opera House.

The funds were provided by existing investors Starfish Ventures and Innovation Capital.

NICTA commercialisation director, Rob Fitzpatrick, congratulated the former fledgling researcher on its success since it spun out in 2006.

The Dante networking technology is designed with sub-millisecond latency required to avoid interrupting audio and video streams.

The company has developed alliances with Bosch, Yamaha, Peavey, Dolby and Lab.gruppen.

The announcement is the latest in a string of funding successes for NICTA and its associated operations.

The University of Melbourne and NICTA had their ICT research and development war chests topped up with additional funding as part of efforts to foster closer collaboration between Australia and China in December.

As part of the Australia-China Special Fund for Scientific and Technological Cooperation — which is part of the International Science Linkages program — the University of Melbourne received $79,732 for joint research with the South West Jiaotong University on a "Z4 sequence design for wireless communications".

NICTA picked up $85,000 for its work on "graph-based representations of remotely sensed data for geoindexing applications" with Chinese partner, Zhejiang University.

The RD organisation also picked up $1.01 million in Federal Government funding for the development of an advanced video surveillance system for the Port of Brisbane in December last year.

The same month NICTA unveiled a new laboratory and HQ in Sydney.

The facility was officially opened by Communications Minister, Senator Stephen Conroy and Industry and Investment NSW deputy director general, Barry Buffier along with NICTA CEO David Skellern and chair, Neville Stevens AO.

See a slideshow of the opening.

Copyright © 2010 IDG Communications, Inc.

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