Compass-EOS Raises $42 Million
Compass-EOS has raised $42 million in funding. The company previously raised $120 million in funding. Compass-EOS is known for building routers. Compass-EOS’ largest competitor, Cisco Systems, is also an investor in the startup. Compass-EOS spent around six years developing a technology called icPhotonics. This technology brings optical communications to standard silicon chips. This allows for faster data transfers from routers that are 21 times smaller than existing routers. Compass-EOS will be realigning their workforce.
“The strong vote of confidence from our investors and our refined company strategy further position Compass-EOS for global growth and success,” stated Compass-EOS CEO Gadi Bahat.
Based in Milpitas, California, Compass-EOS’ existing investors include Comcast Ventures, Cisco, and Pitango Venture Capital. The new investors in this company includes Russian private equity fund RUSNANO.