sckipio raises $17 million in series b funding
TRANSCRIPT
SCKIPIO RAISES $17M IN SERIES B
LEADER IN G.FAST TAPS INTO THE $2.9B G.FAST CHIP OPPORTUNITY
December 8, 2014 –Ramat Gan, Israel – Sckipio Technologies, the leader in G.fast modem
chipsets, today announced it has raised $17M USD in a Series B round led by Pitango Venture
Capital and combined with follow-on investment from the original Series A investors; Gemini Israel
Ventures, Genesis Partners, Amiti Ventures and Aviv Ventures. The $17M in Series B follows an
initial investment of $10M. Pitango will take a seat on the Sckipio board of directors.
“The G.fast market is expected to reach $2.9B by 2020,” said Susan Eustis, President, WinterGreen
Research. “The opportunity to participate in G.fast chips markets is compelling. G.fast provides the
ability to leverage outdated copper infrastructure to breathe new life into existing investment.”
See More:
• Twitter: https://twitter.com/sckipiotech
• Blog: http://www.sckipio.com/g-fast-blog/
• Linkedin: https://www.linkedin.com/company/sckipio
G.fast is the newly approved ITU “last mile” standard that will deliver 1Gbps ultra broadband access
over existing twisted pair to the home for up to 400 meters.
“The market for G.fast is about to explode,” said Eitan Bek, General Partner, Pitango Venture
Capital. “But what makes Sckipio a special opportunity is its combination of a world-class team,
incredible technology and deep expertise in the G.fast market.”
“Sckipio intends to extend our leadership in G.fast,” said David Baum, Sckipio CEO. “The additional
investment will help us move even faster, enhance our product offering more quickly, and provide
working capital to scale production to meet the high demand for our solutions.”
About Sckipio
Sckipio is the leader in G.fast modems and is dedicated to delivering ultra-broadband using next-
generation G.fast-based Fiber-to-the-distribution point (FTTdp) architectures. Sckipio offers a
complete G.fast solution – chipsets bundled with software – for a variety of access and mobile
backhaul applications based on the ITU G.fast G.9700 and G.9701 standards, to which Sckipio is a
leading contributor. Founded by a veteran team of communications experts with deep experience in
broadband access and home networking solutions, and backed by leading venture capitalists,
Sckipio is well positioned to win the market for the next-generation of broadband access solutions.
For more information about Sckipio, visit our website at www.sckipio.com. For more information,
follow us on LinkedIn and Twitter @SckipioTech.
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Media Contacts:
Rainier Communications
Karen Quatromoni
508-475-0025 x150