Civcom Gets $10.5M B Round

Mercator Broadband Partners leads funding of startup developing optical switch components

July 3, 2001

1 Min Read

PETACH-TIKVAH, Israel -- Civcom Inc. today announced that it has raised $10.5M in series B round led by Mercator Broadband Partners.

Civcom recently introduced its patented Free-XTM family of high-speed all optical switches, which eliminate the need to convert optical to electrical signals at junctions of Long Haul, Metropolitan and Access networks. Its switching speed is 10,000 times faster than switches available in today’s networks. The Free-XTM family from Civcom revolutionizes the way optical switches will be used. It provides optical processing capabilities such as multicast and gain control. Civcom’s patented technology is polarization and wavelength insensitive. With no moving parts in its design, Civcom’s Free-XTM products offer highly reliable performance.

New investors added in this round were Reston Virginia based Mercator Broadband, Herzliya based Formula Ventures, and Los-Angeles based Omninet Capital.The founders of Omninet Capital were among the initial partners who built the success of Qualcomm.

Series A investors Concord Ventures and Aurum-SBC Ventures also participated in this round. Concord Ventures is a leading privately owned Israeli venture capital firm. Aurum-SBC Ventures is funded by SBC, the telecommunication giant, as well as Aurec Group, Israel's largest private group. With this round the company’s total funding reaches $21M.

Civcom Inc.

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