ColorChip, an Israel-based optical communication technology provider backed by communication technology manufacturer Motorola, has raised $25m in series E funding, Geektime reported yesterday.
Investment firm Israel Growth Partners led the round, which also included Gemini Israel Ventures, BRM Capital and, according to a subsequent press release, Vintage Investment Partners.
Founded in 2011, ColorChip’s SystemOnGlass chips help boost the high-speed networking and communications capabilities of data centres.
ColorChip has reportedly now raised a total of $70m in debt and equity, including $7.2m in a 2006 series B round featuring Motorola’s corporate venturing unit, then called Motorola Ventures, Bessemer Venture Partners (BVP), Walden Israel, Eurofund and PolyTechnos Venture Partners.
The unit also participated in a $7.4m round the following year, alongside Vertex Venture Capital, Bessemer Venture Partners, Eurofund, Polytechnos and Walden Israel.
Yigal Ezra, chief executive of ColorChip, said: “The company is in high-growth mode and if additional funding is required, with the current trajectory it is likely to qualify for an IPO within the next couple of years.”