High-speed optical communications solutions developer MultiPhy Ltd. has raised $7.2 million in a financing round from Carmel Ventures, Vertex Venture Capital and Maayan Ventures Ltd. (TASE:MAYN).

The investment agreement will be implemented in two stages. $3.3 million will be invested immediately with the balance in December 2010 providing the start-up meets specified milestones.

Multiphy was founded in 2006 in the Maayan Ventures Incubator and graduated from it two years ago. Since its establishment it has been funded by Maaayan and Vertex.

Multiphy is developing digital signal processing (DSP) based integrated circuits for high-speed optical communications at speeds of up to 100 Gbps.

Published by Globes [online], Israel business news - www.globes-online.com - on May 27, 2010

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