Commil Scores $4.2M

Fixed to mobile convergence startup Commil raises $4.7M from Tamir Fishman Ventures, Gemini Venture Capital, and Formula Ventures

January 2, 2005

1 Min Read

PETAH TIKVA, Israel -- Commil, provider of advanced solutions for fixed to mobile convergence (FMC), completed a $4.7 million financing round from its current investors. The Israeli venture capital funds Tamir Fishman ventures, Gemini and Formula ventures participated in the financing round.

Following the involvement of Commil in several FMC trials, led by telecommunication operators around the world, the financing will enhance Commil’s development and marketing efforts.

“The drive for the convergence of fixed-line and cellular services has gained significant momentum over the last year. Over 20 leading telecommunication operators world-wide are performing trails and examining technologies in preparations to launch FMC services during 2005 and 2006” said Yuval Dovev, Commil’s Chief Executive Officer. “The completion of this financing round signifies its investors’ confidence in Commil’s ability to become a major player in this fast-developing market. As a result of the efforts of its highly motivated employees, Commil has reached a point where its technology and products line answer FMC market needs today, and are ready to respond to future developments in the market.

Commil Ltd.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like