Semiconductor Company ColorChip Raises $25M

November 23, 2015 | Israeli optical communications developer ColorChip has raised $25 million in a round of financing led by Israel Growth Partners with participation from Vintage Investment Partners, and existing investors Gemini Israeli Funds and BRM Group. Founded in 2001 by Dr Shimon Eckhouse and Prof Shlomo Rushin of the School of Engineering at Tel Aviv University, ColorChip provides cost effective, dense, hyper-scale transceivers and advanced optical splitters. So far, the company has raised $60 million and CEO Yigal Ezra said the latest funding will be used to scale up operations and accelerate product development for data-centers that need to increase their traffic capacity.