Intel Backs DustPhotonics in $25 Million Round
DustPhotonics designs and manufactures highspeed optical transceivers for data centers, high-performance computing, and enterprise applications
07:0023.09.19
Intel Capital, the venture arm of chipmaker Intel, has led a $25 million series B funding round in optical connectivity startup DustPhotonics, Inc., the latter announced Monday. WRVI Capital and Israeli serial entrepreneur Avigdor Willenz also participated in the round.
Intel offices in Israel. Photo: Intel
The company intends to use the funding round to substantially grow its team and hire physicists, production personnel, quality managers, and development engineers, Ben Rubovitch, CEO and co-founder of DustPhotonics said in an interview with Calcalist.
Intel offices in Israel. Photo: Intel Founded in 2017 and based in the central Israeli town Modi'in, DustPhotonics designs and manufactures highspeed optical transceivers for data centers, high-performance computing, and enterprise applications. The company has raised $42 million to date and employs a team of 63 people, Rubovitch said.
