whats known and unknown

Compass-EOS, gets another $42M to rethink routers

on November 22, 2013


In an era where venture capital industry is busy gurgling over ephemeral social media platforms and me-too e-commerce apps, it is nice to hear about a company that has the gumption to try and to do something big, hairy and audacious, like build a brand-new class of routers to take on incumbents like Cisco Systems (s CSCO) and Juniper Networks (s JNPR.)

Compass-EOS (aka Compass Electro Optical Systems), which isn’t going to win any style points from brand experts, on November 18th, 2013 announced that it raised $42 million in new financing from existing investors Comcast Ventures, Cisco, Pitango Venture Capital, Benchmark Capital, Northbridge Venture Partners and Marker and RUSNANO. This new round of funding brings the total funding invested in the Netanya, Israel-based company up to $160 million — not something to sneeze at. (We call such companies phat startups!)

The company has needed every penny of it…

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