ColorChip Raises $7.4 Million

ColorChip, an Israel-based maker of glass-based PLC chips and modules for the fiber-to-home market, has raised $7.4 million in new VC funding. Vertex Venture Capital led the deal, and was joined by return backers Bessemer Venture Partners, Eurofund, Motorola Ventures, Polytechnos and Walden Israel. www.color-chip.com