Compass-EOS, a US and Israel-based routing company which makes ultra-bandwidth dense routers using photonic backplane technology, has closed a $42m round of financing that includes the participation of existing investors Comcast Ventures, the venture capital affiliate of cable television company Comcast Corporation, computer server and internet equipment company Cisco, venture capital firms Pitango Venture Capital, Benchmark Capital, Northbridge Venture Partners and Marker LLC; an unnamed, US-based private equity fund and Russian state-backed investment manager Rusnano joining the round as new investors.
Gadi Bahat, chief executive officer of Compass-EOS, said: ““Compass-EOS has an enormous market opportunity with the rapid growth of data services and online devices. Our initial success with global network service providers has enabled Compass-EOS to raise considerable capital from leading investors around the world. We will continue to innovate while investing in customer support, sales and marketing, all of which are key elements for our future.”