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Israel's Compass-EOS lands USD42 million funding

November 18
2:20 PM 2013

Israeli routing company Compass-EOS on Monday said that it has closed a USD42 million financing round. 

Compass-EOS pioneered the commercial silicon-to-photonics router, according to VentureBeat.

In a statement, Compass-EOS said that the funding round included existing investors Comcast Ventures, Cisco, Pitango Venture Capital, Benchmark Capital and Northbridge Venture Partners and Marker LLC. Russia's RUSNANO and another US-based Private Equity Fund had also joined the round as new investors. 

According to a profile by CrunchBase, Compass-EOS was created in 2006. It has attracted top-tiered investors ranging from venture capital funds to service providers and network suppliers since then. 

Compass-EOS has raised a total funding of USD120 million since its founding, the VentureBeat said. 

Compass-EOS chief executive officer Gadi Bahat said that the company's initial success with global network providers has enabled them to raise considerable capital from leading investors. Compass-EOS will continue to innovate while investing in customer support and sales and marketing, he said.

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