Sckipio Technologies, a Ramat Gan, Israel-based provider of Gfast chipsets, raised $10M in funding.
The round, which brings total funding raised to date to $50M, was led by MegaChips, with participation from Intel Capital, Pitango Venture Partners, Genesis Partners, Gemini Israel Ventures, Amiti Ventures, Aviv Ventures, CIRTech Fund and Axess Ventures.
The company intends to use the funds for the global rollout of Gfast with tier-1 service providers.
Led by David Baum, CEO, Sckipio develops standards-compliant Gfast modems used to enable ultra-broadband access and mobile backhaul. The company partners with more than 30 companies globally on Gfast and is one of the contributors to the ITU-T standard.