Cisco, Comcast chip in on funding round for Compass-EOS
Comcast Ventures and Cisco were among the existing investors that pitched in on a $42 million round of new funding for photonics routing vendor Compass-EOS.
Other existing investors that took part in financing included Pitango Venture Capital, Benchmark Capital, Northbridge Venture Partners and Marker LLC with a U.S.-based private equity fund and Rusano also joining the round as new investors.
Compass-EOS’ photonic backplane technology, icPhotonics, powers ultra-bandwidth dense routers. Compass-EOS launched its r10004 router in March announcing the commercial shipment of its icPhotonics-based routers, based on the world’s first shipping photonic chip-to-chip interconnect.
"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.”