Optical Communications Startup ColorChip Raises $20M
August 18, 2016 | Israeli optical communications developer ColorChip has raised $20 million from Gemini Israel Funds, BRM Group, IGP, Vintage, HGL Capital, and Viola Credit. Founded in 2001 by Dr. Shimon Eckhouse and Prof. Shlomo Rushin of Tel Aviv University School of Engineering, the Yokneam based company has raised $80 million to date including the latest financing round and its previous financing round of $25 million in November 2015. IGP, Gemini and BRM led previous financing rounds. ColorChip is a privately held Israeli company that provides cost effective, dense, hyper-scale transceivers and advanced optical splitters. The funding will enable the Israeli company to ramp-up operations and accelerate product development.