Intersymbol Communications, Inc. was founded in October 2000 by Andrew Singer and Naresh Shanbhag, who are faculty in the highly ranked Department of Electrical and Computer Engineering at the University of Illinois at Urbana-Champaign. Intersymbol has completed two rounds of venture financing to date. The first round was led by Indianapolis based venture capital firm CID Equity Partners, and also included Washington based venture firm Telecommunications Development Fund and the Champaign Urbana Venture Fund.