The exit is small relative to what the company has raised, a total of $14.4 million between 2009 and 2014 with money from Magma Venture Partners, Rhodium, Texas Atlantic Capital, and Jerusalem Venture Partners (JVP). Their $7 million round in April 2014 also included investors Gandyr and 2Bangels.
The talks to make the deal also follow Huawei CEO Ren Zhengfei‚Äôs visit to the country earlier this year. This month, they also acquired switch and router manufacturer Toga Networks in the Israeli city of Hod Hasharon.¬†That deal was reportedly worth over $100 million and perhaps as much as $150 million, according to Calcalist and Zirra.
Hexatier was founded in 2009 by CEO Amir Sadeh, Director of Sales Hadar Eshel, and CTO David Maman. They have 40 employees split between offices in Tel Aviv, Boston, and California.