The company develops compression technologies for e-commerce interfacing.
Start-up RichFX has completed a third financing round led by investment bank Morgan Stanley Dean Witter. The company value for the round was not disclosed, but the market estimates it was more than $100 million, after money.
Malone Ventures, Deutsche Bank, Itochu International, Thomas Wiesel Partners and Prudential Volpe Technology Group also participated in the round. Previous investors Real Networks, Polaris Fund, Coral Fund, Veritas, Poalim Capital Markets and Technoplast Technologies, increased their investment in the current round.
RichFX develops compression systems and e-commerce infrastructure solutions for video and voice transmission on domestic telephone infrastructures.
Published by Israel's Business Arena on 14 November, 2000