ColorChip develops Planar Lightwave Circuit (PLC) platform and Top-Of-Rack interconnect optical transceivers used for high-definition video and data transmission across telecommunications, networking, cloud and storage markets. The company operates a production facility in Thailand and maintains offices in San Jose, California. Founded in 2001 by CEO Yigal Ezra, ColorChip focuses on supplying hyper-scale optical transceivers for datacenters and HPCs. It will use newly raised funds to accelerate go-to-market efforts, expand research and development initiatives, and grow manufacturing capabilities. The article reports an additional $17M was secured as part of the recent financing round, bringing the round total to $37M. No operating metrics were disclosed in the article. ColorChip develops dense, hyper-scale transceivers and advanced optical splitters designed to accelerate delivery of streaming HD video, virtual reality, cloud computing, and IoT traffic from data centers. Its product, called SystemOnGlass, is produced and manufactured in-house; the company is noted as the only Israeli chip maker to both produce and manufacture its own product. The components are aimed at reducing latency and improving image delivery for high-bandwidth services. ColorChip was founded in 2001 by Dr. Shimon Eckhouse and Prof. Shlomo Rushin and is based in Yokneam near Haifa. Financially, the company has raised $25 million in the latest financing and $60 million in total to date. An investor-side board appointment from the latest round signals active investor involvement going forward.

Total raised

$42M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2017