BandWd, which develops software for dynamic management of bandwidth, has raised $500,000 from Xenia Ventures and the Office of the Chief Scientist. BandWd's software enables intelligent and efficient bandwidth brokering on broadband networks, such as cable and DSL. Bandwidth infrastructure is presently managed statically, and does not allow service providers to exploit available traffic inputs with adequate efficiency.
BandWd's solution will enable communications providers to provide bandwidth and additional service resources in accordance with business demands and criteria, such as demand and customer profile, a network's existing resources, specific customer service needs, and the service provider's business needs.
In addition to smart allocation, the system can provide data for billing and vendor management systems. Vendors can offer their customers higher quality, more efficient and more competitive service. BandWd's first product will concentrate on DSL. The software will enable communications providers to offer applications until now considered "too heavy" for this infrastructure, such as videos.
The product's architecture conforms to the ADSL Forum specifications for bandwidth management model, which stipulates that there is a need to switch to a dynamic model of bandwidth allocation. Over 200 communications and communications infrastructure providers are members of the ADSL Forum.
BandWd was founded by CEO Ezer Goshen, a founder of Wydeband, a joint venture of Comverse Technology (Nasdaq:CMVT) and Radware (Nasdaq: RDWR; TASE:RDWR). Goshen was previously director of R&D and system architect at ECI telecom (Nasdaq:ECIL).
Xenia Ventures is a combination incubator and a group of successful high-tech entrepreneurs with an aggregate $2 billion in exits. The entrepreneurs involved in Xenia include Avishay Noam (Novacom), Dr. Orna Berry (Ornet), Roni Einav (New Dimension Software), and Aki Ratner (Precise Software Systems). Xenia Ventures' partners include Eran Bendoly (formerly Novacom CFO) and Anat Segal, a former investment banker at Evergreen Partners.
Xenia Ventures invests in semiconductor, software, communications, medical equipment, and nanotechnology companies. It is located near the Intel Israel fab in Kiryat Gat.
Published by Globes [online], Israel business news - www.globes.co.il - on December 20, 2004