Sckipio Technologies, a Ramat Gan, Israel-based maker of G.fast* modem chipsets, raised $17M in Series B financing.
The round was led by Pitango Venture Capital with participation from follow-on investors Gemini Israel Ventures, Genesis Partners, Amiti Ventures and Aviv Ventures. In conjunction with the funding, Pitango will take a seat on the Sckipio board of directors.
The company intends to use the funds to enhance product offering and to scale production.
Led by David Baum, CEO, Sckipio offers a complete G.fast solution – chipsets bundled with software – for a variety of access and mobile backhaul applications based on the ITU G.fast G.9700 and G.9701 standards, to which it is a contributor.
*G.fast is the newly approved ITU “last mile” standard that will deliver 1Gbps ultra broadband access over existing twisted pair to the home for up to 400 meters.