Only days after an important standards milestone, G.fast chip developer Sckipio has announced $17 million in new funding as it prepares to duke it out with some of the biggest names in communications components.
The Series B round for the Ramat Gan, Israel-based chip firm, which has been developing modem chipsets specifically for the G.fast sector since early 2012, was led by Pitango Venture Capital .
The investors that participated in Sckipio Technologies 's Series A funding of $10 million -- Gemini Israel Ventures, Genesis Partners , Amiti Ventures and Aviv Ventures -- also contributed to the new round. (See G.fast Chip Startup Raises $10M.)
The news comes only days after the ITU gave its final approval to the standard for G.fast, the emerging technology for fixed broadband access that could deliver super-fast downstream speeds over existing copper lines. (See G.fast G.ets G.reen Light.)
Now, Sckipio needs network operators to commit to the FTTdp (fiber-to-the-distribution point) network model, which extends the operator's fiber plant to a multitude of over- and underground distribution points within hundreds of meters of homes and businesses. G.fast is the technology that would enable new network elements and customer premises equipment (CPE) to deliver broadband speeds far in excess of the 100 Mbit/s currently enabled by FTTC (fiber-to-the-cabinet/curb) deployments being rolled out currently by telcos.
But even if FTTdp networks are built, Sckipio is just one of a number of companies with chips that can be used in network and CPE elements: Communications chip giant Broadcom Corp. (Nasdaq: BRCM) and Ikanos Communications Inc. (Nasdaq: IKAN) are just two of the companies ready to take advantage of any emerging business.
Sckipio says the new cash will be used to expand the company, speed up R&D and enable the production processes needed should demand take off as the company hopes.
— Ray Le Maistre, , Editor-in-Chief, Light Reading