Compass-EOS has closed a $42 million (€31 million) round of funding.
The latest round of investment takes the total amount of funding raised by the start-up to over $162 million (€120 million). Investors in the latest round include Comcast Ventures and Cisco Systems.
The Israeli start-up launched its r10004 IP core router in March and has announced two customers to date: NTT Communications and the China Education and Research Network, CERNET. It has a second tier-one operator customer which it has not yet announced. “There are a couple more smaller operators that we cannot disclose at this stage,” said Asaf Somekh, vice president of marketing at Compass-EOS.
The r10004 router uses the novel icPhotonics chip that has a terabit-plus optical interface. The chip, which houses a merchant network processor, integrates 168 x 8Gbps VCSELs and 168 photodetectors for a bandwidth of 1.344Tbps in each direction. Eight chips are connected in a full mesh, removing the need for a router’s switch fabric and mid-plane used to interconnect the router cards. The result is a compact router platform with lower power consumption and cost.
The company said the latest funding will be used to develop its next-generation icPhotonics design. “We’re also investing in innovative software and on the marketing side, focusing on the US market and Japan with a stronger presence there,” said Somekh.
The company also announced a cut in staff. There are now around 100 working at the company whereas the staff numbered 150 in March.
By Roy Rubenstein
Press release: Compass-EOS closes $42 million funding round