ColorChip, a Yokneam, Israel-based optical transceiver developer, secured an additional $17m as part of the recent round of financing.
The round, which now totals $37M, was led by CIRTech fund with participation from Scale-Up fund. Alex Lazovsky, Managing Partner at CIRTech Fund and Scale-Up, joined ColorChip’s Board of Directors.
The company will use the funds to accelerate go-to-market and research and development initiatives and expand manufacturing capabilities.
Founded in 2001 by Yigal Ezra, CEO, ColorChip is a global provider of hyper-scale optical transceivers supporting high-definition, video and data transmission in telecommunications, networking, cloud and storage applications. The company, which has a production facility in Thailand and offices in San Jose, California, is dedicated to the production of Planar Lightwave Circuit (PLC) platform and Top-Of-Rack Interconnect Optical Transceivers for datacenters and HPCs.