Uses Funds to Accelerate G.fast Innovations
Intel Capital Global Summit, San Diego, CA, November 3, 2015 – Sckipio Technologies, the leader in G.fast modems, today announced it has received investment from Intel Capital, the strategic investment and M&A arm of Intel Corp. Sckipio, the fabless semiconductor company based in Ramat Gan, Israel, was founded in 2012 to deliver fiber-like broadband access over existing wires such as twisted pair copper wiring and coaxial wires using the new ITU-T broadband access technology standard, G.fast. The details of the total investment remain confidential.
“Sckipio and Intel have been working closely together since the beginning of the G.fast market and jointly announced the first G.fast residential gateway reference design in the fall of 2014,” noted Dan Artusi, Intel vice president and general manager of its Connected Home Division. “This strategic investment is another milestone for the Intel Connected Home Division and Sckipio to deliver fiber-like speeds to the people on existing copper infrastructure.”
“Sckipio continued to deliver many industry firsts,” said David Baum, co-founder and CEO of Sckipio Technologies. “With the investment from Intel Capital, Sckipio will increase technology investments to accelerate our innovations in the broadband access market.“
In the past year, Sckipio achieved many achievements including the first 16-port Distribution Point Unit, the first to run UHDTV content across G.fast, the first to demonstrate SDN running over G.fast (in partnership with AT&T), and the first to deliver over 1Gbps at 300 meters – changing the dynamics of the broadband access market.
The Intel Capital investment is Sckipio’s third round of funding. Previously, Sckipio raised $27 million from venture capital firms Amiti Ventures, Aviv Ventures, Genesis Partners, Gemini Israel Ventures and Pitango Venture Capital.
About Intel Capital
Intel Capital, Intel’s strategic investment and M&A organization, backs innovative technology startups and companies worldwide. Intel Capital invests in a broad range of hardware, software, and services companies targeting computing and smart devices, cloud, datacenter, security, the Internet of Things, wearable and robotic technologies and semiconductor manufacturing. Since 1991, Intel Capital has invested nearly US$11.6 billion in over 1,400 companies in 57 countries. In that timeframe, 213 portfolio companies have gone public on various exchanges around the world, and 373 were acquired or participated in a merger. Through its Global Summit and other business development programs, Intel Capital curates thousands of meetings each year between its portfolio and Intel’s partners in the Global 2000. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.