From Sckipio's Official PR:
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.