CompuLab Raised $12.5 Million for PC Cards
2 January, 2013
The company reported $25 million sales in 2012. It anticipate annual growth sales of approximately 15%-25% in the coming years
CompuLab, the miniature computers manufacturer from Yokneam, Israel, sold half of its shares to a group of investors led by investment firm TechnoPlus Ventures for $12.5 million.
Chairman of Technoplus Ventures, Yanir Farber, explained that CompuLab is considered a world leader in the field of “tiny computers and computers on card, and promise a significant growth potential in the field”. After the deal, Technoplus Ventures was entitled to appoint two of the five directors of the company.
CompuLab was established 20 years ago by Lion Yahav and Gideon Yampolsky and operated until 2010 from the campus of the Technion in Haifa. The company’s flagship product is the “Intense PC” – 16x19x 4 cm PC computer based on a dual core Intel i7 processor.
The computer is using a passive cooling system (no fan) and provides all standard interfaces (USB, HDMI, Bluetooth, Display Port, S/PDIF, etc.) and consumes only . 10W in idle mode. Compulab also manufactured card computers based on ARM platforms, Intel X86 platforms, as well as Marvell and Nvidia processors.
The company consists of 100 employees. Most of the production is made in its own plant in Yokneam, including SMT assembly, mechanical assembly and final testing. Aong its costumers: General Dynamics, McDonald and Yasko. The company reported $25 million sales in 2012. It anticipate annual growth sales of approximately 15%-25% in the coming years.