ColorChip Raises $25M To Stop Your Video And VR From Flickering
Transceivers and optical splitters are part of the crucial plumbing of the internet as services scale up into streaming HD video, virtual reality, cloud computing, and IoT. Data-centers are literally groaning under the weight of all this traffic. So it’s no surprise that companies which make this kind of infrastructure are able to raise large rounds of funding. While TechCrunch doesn’t normally cover such things, its worth mentioning a large round announced this week by Israeli-based ColorChip.
It makes dense, hyper-scale transceivers and advanced optical splitters which bring your Netflix and YouTube images to you much faster than they ever could previously.
It’s now raised $25 million in a financing round led by Israel Growth Partners with participation from Vintage Investment Partners, and existing investors Gemini Israeli Funds and BRM Group. IGP General Partner Haim Shani will be joining the ColorChip’s board of directors.
Founded in 2001 by Dr. Shimon Eckhouse and Prof. Shlomo Rushin of Tel Aviv University School of Engineering and based in Yokneam near Haifa, so far the company has raised $60 million with Gemini and BRM leading the previous rounds.
Semiconductors are now a $90 billion industry and ColorChip is the only Israeli chip maker to produce as well as manufacture its own product, called SystemOnGlass.
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