MegaChips invests in Gfast supplier Sckipio

MegaChips invests in Gfast supplier Sckipio

Business news |
By Peter Clarke

The latest round brings the total raised by Sckipio to $50 million since the company was founded in 2012. The additional money will be used to support the global rollout of Gfast with tier-1 service providers, Sckipio said.

Gfast is capable of delivering data rates of hundreds of megabits per second over very short distances and is being looked on favourably for multioccupancy dwellings. Some 80 percent of telecommunication service providers plan to deploy Gfast by the end of 2018, according to a survey by Broadbandtrends.

“The new investment will fund R&D at the level required to be a continual leader in the Gfast market,” said David Baum, Sckipio CEO, in a statement.

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