The failure of ioptics in the prism of economics

In the startup environment, it is a habit to talk about successes to keep our hopes alive for the future, but it is a big mistake to forget the failures of the past and not benefit from the experiences of the past. For this purpose, the Ecomotive team has collected the experiences of a series of failed startups, so that reviewing their failed stories may be a basis for the success of new startups in Iran’s startup community. This collection will be published and made available to the audience in the form of the story of failure. We review the twenty-eighth part of this series, which deals with the story of the failure of Aoptix technologies startup.

Eyeoptics in 2000 as a startup in the field of F.S.O (transmitting information at the speed of light in space) started its work and attracted a good amount of capital. The company built 80 gigabytes per second air-to-air and air-to-ground links for the Defense Advanced Research Projects Agency and the US Air Force. This company used its military experience in 2011 Millimeter radio wave combined with his optical product to Backhaul create wireless In 2012, Eyeptics managed to attract 42 million dollars in capital.

This company in 2015, the former CEO of the Communication Systems Company brocade appointed as its new executive director. This work was in line with the next stage of its rapid growth and receiving more capital. Eyeoptics is said to have received up to $150 million in total from its investors.

This company was developing its wireless broadband. In 2015, the “cool seller» from the company Gartner and the signFierce 15received as a promising young startup.

But in the meantime there was a problem: “the high price of the product”; According to a source in an interview with Light reading FSO radio hybrid units were expensive, costing up to $80,000 per link. Users in the US and other countries are looking for wireless backhaul to replace fiber, but expect it to be cheaper and easier to install.

With these descriptions, the last contract of this company in September 2015 with the local company Top Express It was closed to create a wireless network in Hong Kong.

Finally, in 2016, Eyeoptics was forced to auction its assets for the aforementioned reason.