UpRamp celebrates startup innovation and success in the cable/broadband industry
UpRamp, sponsored by CableLabsR, is a platform that connects emerging technology companies to the $500 billion worldwide cable and broadband industry. They are celebrating the success of two of their startup programs under the UpRamp/CableLabs umbrella. This week at CableLabs Winter Conference, they hosted the 20th Innovation Showcase and unveiled the results of the first UpRamp Fiterator accelerator program.
UpRamp launched their first FiteratorTM program last fall. The Fiterator is a three month, non-resident startup accelerator that focuses on real customer deals and opens the door to 57 of the world’s leading cable operators. The four teams returned to the CableLabs Winter Conference last week to share their successes. The first cohort included: Edgewater Wireless; MediaHound; VelociData and Trinity Mobile Networks.
Edgewater Wireless is now engaged with five MSOs and is entering their first trial of WiFi3 (a revolutionary approach to WiFi based in high-performance silicon) in a large venue this month. MediaHound is now launching a new movie discovery portal in partnership with a large European cable company, as well as another multi-operator deal with a scheduled March rollout.
VelociData, which improves user QoE in broadband, has one signed contract, a field pilot, two statements of work pilots with equipment installed, and several other projects.Trinity Mobile Networks started their first Proof of Concept with an operator last week, and are collaborating on a handful of other engagements. Three of the Fiterator teams had extensive testing conducted by, Kyrio, (a CableLabs subsidiary) to validate the technology, which is part of the acceleration of deals with the operators.
The teams attribute the success in the program to the high level mentors, the subject matter experts that shared incredible insights, the access they were given, the acceleration of Kyrio testing, and the openness of the industry as a whole to work with them.
“UpRamp is uniquely focused on identifying and supporting startups that are trying improve the cable industry,” explains CableLabs CEO Phil McKinney. “This includes helping them tie down deals, secure leads and, more generally, innovate in a sector that we ourselves feel passionate about.”
Also celebrated at the CableLabs Winter Conference was the 20th Innovation Showcase, which is designed to give startups the opportunity to demo in front of over 500 technology influencers. Many of the companies that have held that stage have gone on to see significant success. Overall, they have raised $2 Billion in venture funding, 5% have reached IPO, and 3 out of 10 have been acquired, leading to thousands of jobs and countless innovations.
Notable success stories include Deepfield, a small IP network analytics company that is deployed in 85% of US cable operators, just acquired by Nokia; Guavus, a Big Data startup that enables Fortune 500 enterprises to become efficient and competitive, raised $100 million; and Elemental Technologies which raised $45 million before being purchased by Amazon for $500 million cash.
“We are absolutely thrilled to see how successful our startups have been over the last 10 years, we cannot wait to see what will happen next,” says UpRamp Managing Director Scott Brown.
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