Q-Optics reaped $11 million in a first funding round led by Warburg Pincus, which invested $10.5 million in the round. The Hatch Group, Brobeck Phleger & Harrison, Taylor Winfield, and Collaborative Capital invested the remaining $500,000 for the round along with VenturiFX, Q-Optics' founding investor. VenturiFX has invested a total of $500,000, mostly in the previous seed round.
Q-Optics makes software that allows carriers to quickly find the bandwidth in its optical network to complete a particular connection. The company is developing its software with five carrier and service provider customers and aims to have a completed product within the next nine to 12 months. Warburg Pincus has invested more than $11 billion in companies that range from the telecom to the biotech sectors. Previous investments include BEA Systems and Avaya Communications.
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