Sckipio completes $10M investment to create G.fast modem

Sckipio Technologies today announced completion of a $10 million investment from four venture funds − Gemini Israel Ventures, Genesis Partners, Amiti Capital, and Aviv Ventures − to build ultra-high speed G.fast broadband modem semiconductors.

These leading US and Israeli investors are betting that Sckipio will become the leading chip company to enable G.fast – the new 1 Gbps broadband standard soon to be announced by the ITU. Sckipio is actively working with multiple tier-1 telcos globally to address the pent-up demand for affordable ultra-fast broadband using G.fast.

“Sckipio is poised to be the leader in G.fast,” said David Baum, co-founder and CEO of Sckipio Technologies.

“The standard is now ready and so are we. We’ve got a complete team with the relevant expertise in G.fast and the capital needed to deliver the right G.fast solutions quickly,” added Baum.

Sckipio brings a deep understanding of the new ITU recommendation. As an active member of the G.fast ITU study group, Sckipio provided over 20 percent of all the contributions to the G.fast recommendation.

“G.fast is the best hope for telcos to affordably deliver 1Gbps to consumers,” said Oliver Johnson, CEO, Point Topic, a leading broadband market research firm.

“We expect G.fast to be broadly deployed quickly because telcos need an effective alternative to cable and G.fast appears to have everything these telcos need to succeed,” added Johnson.

G.fast provides several key advantages over existing broadband technologies.

Provides up to 1 Gbps of broadband access over existing phone lines for up to 250 meters

Lowers the cost to deploy fiber-like speeds by as much as 90 percent

Speeds up Telco take rates by eliminating home installations and installer-induced delays

Simplifies deployments by using remote power feed, which eliminates complex permissions to power FTTdp field units

Delivers Telcos 3-4x faster RoI when delivering next-generation broadband solutions

Consumes comparatively little power, making it both green and low-cost to deploy

Provides flexible upstream/downstream partitioning of available bandwidth allowing support for new and advanced broadband services

“We expect G.fast-based solutions to ship in 2014,” said David Baum.

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