LaserComm
closedLine of business includes providing telephone voice and data communications services.
| Date | Investors | Amount | Round |
|---|---|---|---|
$21.0m | Series D | ||
| Total Funding | 000k | ||
LaserComm emerged in 1998 as a promising Israeli startup positioned to enhance data communication infrastructures. The company was established by the entrepreneurial duo Yochay Danziger and Eduardo Shoval, who had previously demonstrated their acumen by founding other technology ventures such as Optibase and Accord Networks. Their background in the technology sector directly informed LaserComm's mission.
The firm's core business centered on developing sophisticated systems designed to accelerate data communications. It engineered technology to preserve the integrity of optical pulses over extended distances, a critical challenge in fiber optic networks. This solution enabled telecommunications companies, its primary client base, to transmit larger volumes of data more rapidly and over greater distances, thereby aiming to reduce operational costs. The business model focused on providing these advanced optical networking solutions to communications companies managing long-haul data transmission.
LaserComm's product was a system that counteracted the natural degradation of light signals in fiber optic cables, allowing for more robust and efficient data transfer. This capability was a significant value proposition in a market demanding ever-increasing bandwidth. The company gained notable recognition for its work, securing a place on Red Herring's list of the top 100 private companies in April 2001 and also being featured on the Deloitte & Touche Fast-50 list. The company, with operations in both Tel Aviv, Israel, and Dallas, Texas, successfully attracted significant investment from a consortium of venture capital funds and corporations, including Cedar fund, CIBC Oppenheimer, and Morgan Stanley, completing a $25 million financing round in late 2001.
Keywords: optical networking, data communications, fiber optics, telecommunications infrastructure, Yochay Danziger, Eduardo Shoval, optical pulse preservation, long-haul data transmission, optical solutions, communications technology, network acceleration, bandwidth enhancement, Israeli tech, venture capital, optical transport, data transmission systems, network performance, fiber optic technology, high-speed data, telecom hardware