News Items

Altia Systems Receives $10.5 million in Series B Funding for PanaCast Personal Panoramic Video System

Intel Capital is Lead Investor

Cupertino, Calif. (April 8, 2014) – Altia Systems, developer of the award-winning PanaCast system for video and web collaboration, today announced that it has raised$10.5 million in series B funding, with Intel Capital as the lead investor.

Altia Systems’ PanaCast Experience - which consists of the PanaCast camera, cloud and apps - is an award-winning, industry-first video and web collaboration service that lets users connect via immersive Panoramic-HD video and HD audio, anytime and anywhere, right from their smartphones, tablets and personal computers. Intuitive touch-enabled controls allow all the participants to see what they want within the whole visual field, in real-time and independently of each other. The PanaCast camera works with leading collaboration platforms like Microsoft Lync, Cisco WebEx, Citrix GoToMeeting and Google Hangouts with no change or upgrade required. 

“We are pleased that Intel Capital chose to lead this round,” said Aurangzeb Khan, co-founder and CEO of Altia Systems. 

“Working with Intel Capital will help us further develop the PanaCast Experience and advance the underlying technology roadmap faster and more efficiently, particularly for enterprise customers.”

“The way businesses work today has evolved from local to globally-distributed organizations that need to collaborate in real time to win,” said Ramamurthy Sivakumar, managing director at Intel Capital. “The PanaCast Experience enables pervasive collaboration and the PanaCast multi-imager technology, when combined with a highly scalable cloud and apps, has the potential to transform how people engage with each other to work, live, learn and play.”

 

About Intel Capital

Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,339 companies in 55 countries. In that timeframe, 206 portfolio companies have gone public on various exchanges around the world and 344 were acquired or participated in a merger. In 2013, Intel Capital invested US$333 million in 146 investments with approximately 49 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.

 

About Altia Systems 

Altia Systems™ (altiasystems.com) is a venture-backed company based in Cupertino, California, and creator the PanaCast™ solution. The award-winning PanaCast™ offers a unique experience that enables anyone on desktop or mobile to communicate in interactive, real-time Panoramic-HD 2000 panoramic perspective. Follow @panacast1 on Twitter® for updates.

PanaCast and Altia Systems are trademarks of Altia Systems, Inc. All other trademarks and registered trademarks previously cited are hereby acknowledged and recognized.

 

For more information please contact:

Belinda Young

BYPR 

Telephone: 206-932-3145 

Email: byoung@bypr.com 

 

Jeremy Young

BYPR

Telephone: 206-291-3818

Email: jyoung@bypr.com

Intel Capital Leads $10.5M Investment Round for Altia Systems

Series B Funding to Help Altia Systems

Expand Customer Base, Accelerate Roadmap

SANTA CLARA, Calif., April 8, 2014 – Intel Capital today announced it led a $10.5 million Series B round for Altia Systems, developer of the award-winning PanaCast system for video and web collaboration. 

Altia Systems developed the PanaCast Experience – which consists of the PanaCast camera, cloud and apps – as an immersive, panoramic HD video and HD audio web collaboration system for today’s anytime, anywhere world of smartphones, tablets and personal computers.

“Altia Systems is transforming the collaboration experience by taking advantage of the PCs, tablets and smartphones already in use around the world,” said Arvind Sodhani, president of Intel Capital and executive vice president of Intel. “Altia Systems is breaking new ground by bringing panoramic camera technology to the field of web conferencing, enhancing the experience with sophisticated pan and zoom capabilities at a very affordable cost. We look forward to working with them to ensure a consistently high quality experience across all devices.”

The PanaCast camera works with leading collaboration platforms such as Microsoft Lync*, Cisco WebEx*, Citrix GoToMeeting* and Google Hangouts* with no change or upgrade required. It features touch-enabled controls that allow all participants to see what they want within the whole visual field, in real time and independently of each other.

 

About Intel Capital

Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,339 companies in 55 countries. In that timeframe, 206 portfolio companies have gone public on various exchanges around the world and 344 were acquired or participated in a merger. In 2013, Intel Capital invested US$333 million in 146 investments with approximately 49 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.

 

About Altia Systems

Altia Systems™ (altiasystems.com) is a venture-backed company based in Cupertino, California, and creator the PanaCast™ solution. The award-winning PanaCast™ offers a unique experience that enables anyone on desktop or mobile to communicate in interactive, real-time Panoramic-HD 2000 replicates the human panoramic perspective. Follow @panacast1 on Twitter® for updates.

 

Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries. 

*Other names and brands may be claimed as the property of others.

PanaCast and Altia Systems are trademarks of Altia Systems, Inc. 

 

 

CONTACTS:

For Intel Capital: 

Chris Kraeuter 

408-653-5358

chris.kraeuter@intel.com

 

For Altia Systems:

Belinda Young

BYPR

206-932-3145

byoung@bypr.com

Altia Systems Announces New Investment by Naya Ventures and Adds Industry Veteran Dayakar Puskoor to Board of Directors

CUPERTINO, CA--(Marketwired - Oct 28, 2013) - Altia Systems, developer of the award-winning PanaCast system that is redefining the world of video and web collaboration, today announced that it has raised $6.7 million to date, including a recent investment by Naya Ventures, a new type of venture capital firm specializing in emerging growth companies in the mobile and cloud market. The company also announced that it has appointed Naya Ventures Managing Director Dayakar Puskoor to its Board of Directors.

Altia Systems' flagship product is PanaCast, a disruptive immersive video collaboration solution with a full 200 degree field of view, which allows remote participants to see the full human panoramic perspective with individual control, just as if they were there. The solution runs on the billions of PCs, tablets and smart phones worldwide, and with exceptionally low bandwidth requirements it works almost anywhere. Targeted towards the enterprise, PanaCast transforms video and web collaboration through the immersive and individualized experience it provides each participant. Additionally, it augments popular web collaboration tools, such as Cisco's WebEx, Microsoft Lync, and Citrix's GoToMeeting by adding panoramic-HD video to the collaboration suite. PanaCast can be easily installed in all conference/collaboration rooms in an enterprise at a fraction of the cost of traditional video conferencing equipment. More than 150 enterprise customers have purchased PanaCast since its launch at DEMO Mobile 2013 in April, where it won the DEMOgod award.

As a Board member of Altia Systems, Puskoor, a wireless industry visionary and former Microsoft executive whose background includes founder and CEO of JP Mobile (acquired by Good Technology/Motorola) and M2 Junction (acquired by SinglePoint), will provide strategic counsel to the company. Collectively, Puskoor and the Naya Ventures management team have founded and sold mobile technology companies creating more than $500 million in shareholder value. 

"We are delighted to have Naya Ventures as part of our team and to have Dayakar join our Board," said Aurangzeb Khan, President and CEO of Altia Systems. "Both Naya's expertise in early stage mobile and cloud based companies and Dayakar's exceptional track record in building successful Enterprise and Mobile solution companies will be great assets as we rapidly scale our company."

"It's exciting to join Altia Systems at this inflection point as the unique PanaCast solution is scaling into large enterprises," said Puskoor. "This technology is as disruptive to business collaboration as the iPhone was to the mobile market. It is Telepresence for everybody."

About Naya Ventures
Founded in 2011, Naya Ventures invests in early stage mobile technology and cloud based companies where its product development expertise, emerging market channel relationships and go-to-market strategies can efficiently increase enterprise value. Led by serial entrepreneurs in the mobile and cloud industry, Naya Ventures' principals work alongside a global network of C-level executives and general partners at influential US technology companies and venture funds. Naya's strong mobile and cloud industry reputation, its relationships with leading technology companies such as Microsoft and its global network of technology and market development resources help accelerate value creation. Its relationships also provide Naya with an extensive deal sourcing and follow on funding capability.

About Altia Systems 
Altia Systems™ (altiasystems.com) is a venture-backed company based in Cupertino, California, and creator the PanaCast™ solution. PanaCast™ is a unique experience that enables anyone on desktop or mobile to communicate in interactive, real-time Panoramic-HD 200° field-of-view video that replicates the human panoramic perspective. Follow @panacast1 on Twitter® for updates.

PanaCast and Altia Systems are trademarks of Altia Systems, Inc. 
All other trademarks and registered trademarks previously cited are hereby acknowledged and recognized.

Announcing a Better, Faster and Smoother Support Process

As part of our continuous effort to give you a better experience, we have just adopted Freshdesk for our customer support processes. We strive to take full advantage of the powerful capabilities and best-practices, to give you a better support experience.

How does this make a difference to you ?

Not a lot changes in terms of how you get in touch with us. You can shoot an email to support@AltiaSystems.com, and our support system will automatically create a ticket on your behalf. You will also be notified of our responses and status changes to your tickets via email as well, and you can send out your replies directly.

The first time you send us a support query, you will receive an email with activation instructions to login to our support portal at Support.AltiaSystems.com. Going forward, you can check the status or add comments to your support queries here.

We are actively populating our support portal with FAQs and solutions in our knowledge base, so you can help yourself to how-tos and instructions. You can also discuss your ideas and share tips in our community forums.

Talk to us on Social too

Our support team is now listening to conversations on our Twitter handle (@PanaCast1) and Facebook page (facebook.com/PanaCast1). In addition to phone, email and through our website, feel free to reach us here as well.

We love hearing from you.

We strive to give you an awesome support experience with every query, and your feedback will help us get there faster. We will be sending out satisfaction surveys for you to rate your support experience with us periodically.

If you have any doubts or questions regarding our new support tools and policies, please drop us a line at support@AltiaSystems.com, and we’ll be glad to assist you. And make sure you visit our new support portal at support.altiasystems.com

Altia Systems Announces Expanded Management and Engineering Team

New Hires Include Respected Technology Executives as Vice President of Channel Sales, Vice President of Software Engineering and Principal Solution Architect

May 8, 2013 – Cupertino, CA – Altia Systems™ www.altiasystems.com today announced the appointment of a seasoned technology executive team to lead PanaCast™ Channel Sales, Software Engineering and Solution Architecture for the rapidly growing company that just received the coveted “Demo God” award from DEMO™ Mobile in April of 2013.

PanaCast delivers an immersive, real-time 200° field of view, providing a panoramic video and audio experience to anyone, anywhere with an Internet connection. PanaCast offers up to 60 FPS (Frames Per Second) of panoramic HD video as well as HD audio over a standard Ethernet® connection. Even at sub-3G wireless speeds, PanaCast enables Panoramic HD video quality and always includes enterprise-level encryption.

Dan Sibille joined in January as Vice President of Channel Sales, leveraging more than 20 years of expertise in Channel Sales and Marketing in the Americas. Most recently acting as Vice President of North America Channels with Polycom®, Inc., Dan began his career in Technology Sales and Marketing with Hayes® Microcomputer Products, Inc as Director of Sales over the Americas, following with key sales roles at 3COM®, WatchGuard® Technologies, Inc., Internet Security Systems™, Inc., Extreme Networks®, Inc., and LifeSize™ Communications.

Naveed Alam has been appointed VP for Software Engineering. Naveed brings a strong track record of industry success in development, engineering management and entrepreneurial management at such companies as Teneros™, Brocade®, Cosine Communications™, 3Com® and Arktan™, where he was a co-founder and developed the core technology. He was awarded an MS in Electrical Engineering and Computer Science from the University of Southern California and is the holder of five US patents.

Ram Natarajan has been appointed Principal Solution Architect. He has more than 20 years of experience in video/image processing, cryptography and speech signal processing. He is an acknowledged expert in both encoding and streaming video and has previously served in executive roles in startups including Arohi™ Systems, Cradle Technologies™ and Stradient™ Inc. Mr. Natarajan received his Master's degree in Communication Engineering from the Indian Institute of Science, Bangalore.

“With the addition of Dan, Naveed and Ram, Altia has a world-class executive team that will help further establish PanaCast as the new standard for desktop and mobile device multi-point video communications,” said Aurangzeb Khan, CEO and co-founder of Altia Systems.

Altia Systems™ www.altiasystems.com is a venture-backed company based in Cupertino, California that has created the PanaCast™ solution. PanaCast™ is a unique experience that enables anyone on desktop or mobile to receive an interactive, real-time panoramic HD 2000 field of view video stream that replicates the human panoramic perspective. Follow @panacast1 on Twitter® for further information.

PanaCast and Altia Systems are trademarks of Altia Systems, Inc.

All other trademarks and registered trademarks previously cited are hereby acknowledged and recognized.