Wednesday, January 11, 2006

ColorChip Raises $9.5 Million for Planar Lightwave Circuits

ColorChip, a start-up based in Caesarea, Israel, raised $9.5 million in venture financing for its glass-based Planer Lightwave Circuit (PLC) chips and modules for FTTH networks. The company is currently shipping first samples of its Meteor II FTTx SOG Transceivers for optical network terminals (ONT/ONU) for GPON and EPON. ColorChip is also distributing PLC splitters - based on the company's Ion-Exchange process - mainly to the FTTx, CATV, analog and digital PONs markets.

The funding was led by Bessemer Venture Partners and joined by Motorola Ventures. Also participating were existing investors EURfund, Polytechnos, and Walden.

See also