Compass-EOS, a start-up based in Netanya, Israel, raised $42 million in a new round of venture funding for its next-gen silicon-to-photonics-based routers.
The company’s silicon-to-photonics implementation, which it calls icPhotonics, simplifies router design by bringing the entire backplane on-chip. The on–chip optical integration ensures QoS routing at high utilization rates and congestion-free multicast packet handling.
The company’s first product, r10004, is a carrier-grade, modular platform offering 800 Gbps Capacity in a 6U enclosure. It offers 2 x 100G ports or 20 x 10G ports with full Layer 3 routing functionality for core, peering or aggregation deployments. Compass-EOS launched its r10004 router in March 2013, announcing the commercial shipment of its icPhotonics-based routers. NTT Communications and major research and education organizations, including CERNET, have successfully deployed the company’s routers.
The new funding round included participation of existing investors Comcast Ventures, Cisco, Pitango Venture Capital, Benchmark Capital, Northbridge Venture Partners and Marker LLC with a US-based Private Equity Fund and RUSNANO joining the round as new investors. This brings the total of capital raised by Compass-EOS to $160 million, a record for total funds raised by an Israeli startup.
“Compass-EOS has an enormous market opportunity with the rapid growth of data services and online devices,” said Gadi Bahat, CEO of Compass-EOS. “Our initial success with global network service providers has enabled Compass-EOS to raise considerable capital from leading investors around the world. We will continue to innovate while investing in customer support, sales and marketing, all of which are key elements for our future.”
- Compass-EOS was founded in 2006 by Michael Laor, who previously was a Director of Engineering and Architecture of Cisco Systems, and Dr. Michael Mesh, who had been a co-founder and CTO of PacketLight Networks.
