Compass-EOS Closes $42M Financing
Compass-EOS, a Milpitas, CA-based routing company, closed a $42m financing.
Backers included existing investors Comcast Ventures, Cisco, Pitango Venture Capital, Benchmark Capital, Northbridge Venture Partners and Marker LLC and new investors RUSNANO and an unnamed US-based Private Equity Fund.
The company intends to use the funds to invest in customer support, sales and marketing.
Led by Gadi Bahat, CEO, Compass-EOS launched its r10004 router in March 2013, which enables SDN-based, simplified architectures in service provider networks. It is based on the company’s photonic backplane technology, icPhotonics.
Users include global service providers such as NTT Communications and major research and education organizations including CERNET.