Flarion

Flash-OFDM mobile communications network technology for seamless mobile Internet access, enabling mobile operators to profitably offer low-cost, IP-based broadband services. In January 2006, Qualcomm (NASDAQ: QQQ) acquired Flarion, a private company whose investors included Bessemer Venture Partners, Charles River Ventures, Cisco, Equitek Capital, Nassau Capital, New Venture Partners LLC, Pequot Capital, SK Telecom and T-Mobile.

“The New Venture Partners team collaborated with me and many other Bell Labs researchers to create an exciting alternative path for commercialization of disruptive ideas. In my case Lucent had other priorities that prevented them from committing the resources to realize my vision. Working with the New Venture Partners team to develop the business strategy and plan, we were able to spin Flarion Technologies out of Lucent with funding from a strong group of venture capitalists. Over the years we raised more than $150M to commercialize our technology. Ultimately, Qualcomm acquired Flarion for more than $800 million. ”
-Rajiv Laroia, Founder and CTO, Flarion