Optical transceiver vendor ColorChip raises $20 million

Aug. 25, 2016
Privately held Israel-based optical transceiver vendor ColorChip has announced receipt of $20 million in new growth-funding. The latest round, which follows a $25 million round last November (see "ColorChip lands $25 million in funding"), will be used to "ramp-up operations and drive an accelerated product roadmap," in the words of a company announcement. This activity includes hiring new employees in Israel, the U.S., and remote site facilities.

Privately held Israel-based optical transceiver vendor ColorChip has announced receipt of $20 million in new growth-funding. The latest round, which follows a $25 million round last November (see "ColorChip lands $25 million in funding"), will be used to "ramp-up operations and drive an accelerated product roadmap," in the words of a company announcement. This activity includes hiring new employees in Israel, the U.S., and remote site facilities.

Gemini Israel Funds, BRM Group, IGP, Vintage, HGL Capital, and Viola Credit participated in the last investment exercise. The company has raised $80 million since it was founded in 2001. IGP, Gemini, and BRM led the previous rounds.

ColorChip hangs its hat on its SystemOnGlass technology, an approach to photonic integration that leads to creation of hybrid optical integrated circuits (see "PLC development gets active"). It has used the approach to create optical transceivers for PON and data center network applications, as well as optical splitters. It owns its own fab.

The near-term focus for new product development appears to be the data center and related applications driven by webscale companies (see, for example, "ColorChip unveils QSFP28 optical transceiver for CWDM4/CLR4 applications").

"ColorChip is delighted with its current funding round," said ColorChip CEO Yigal Ezra. "We have so much support and confidence from our investors and are going to utilize the funds to recruit additional employees as well as scale up our operations to better serve the growing demands of the datacom market."

For related articles, visit the Optical Technologies Topic Center.

For more information on optical transceivers and suppliers, visit the Lightwave Buyer's Guide.

About the Author

Stephen Hardy | Editorial Director and Associate Publisher

Stephen Hardy has covered fiber optics for more than 15 years, and communications and technology for more than 30 years. He is responsible for establishing and executing Lightwave's editorial strategy across its digital magazine, website, newsletters, research and other information products. He has won multiple awards for his writing.

Contact Stephen to discuss:

  • Contributing editorial material to the Web site or digital magazine
  • The direction of a digital magazine issue, staff-written article, or event
  • Lightwave editorial attendance at industry events
  • Arranging a visit to Lightwave's offices
  • Coverage of announcements
  • General questions of an editorial nature

Sponsored Recommendations

ON TOPIC: Innovation in Optical Components

July 2, 2024
Lightwave’s latest on-topic eBook, sponsored by Anritsu, will address innovation in optical components. The eBook looks at various topics, including PCIe (Peripheral...

PON Evolution: Going from 10G to 25, 50G and Above

July 23, 2024
Discover the future of connectivity with our webinar on multi-gigabit services, where industry experts reveal strategies to enhance network capacity and deliver lightning-fast...

New Optical Wavelength Service Trends

July 1, 2024
Discover how optical wavelength services are reshaping the telecom landscape, driven by rapid expansion and adoption of high-speed connections exceeding 100 Gbps, championed by...

Coherent Routing and Optical Transport – Getting Under the Covers

April 11, 2024
Join us as we delve into the symbiotic relationship between IPoDWDM and cutting-edge optical transport innovations, revolutionizing the landscape of data transmission.