MystiCom has launched a campaign to recruit new workers.
The company has a staff of 85 workers and wants to hire 10 engineers and managers for large-scale integration, analog-chip programmers, and operators for chip manufacturing. The recruits will work at its Netanya headquarters.
MystiCom develops chips for the data communications industry based on digital signal processing technology.
Although job seekers seem to be swarming, MystiCom has had difficulty finding people with specific skills, such as engineers and designers of digital and especially analog chips, and workers with experience in chip quality control and in operation, says founder and CEO David Almagor.
The company recently secured $28 million in a financing round led by Lehman Brothers (NYSE:LEH), ABN Amro Capital, and Royal Philips Electronics. Other investors included Cisco Systems (Nasdaq:CSCO), Texas Instruments (NYSE:TXN), JP Morgan Partners, Newbury Ventures, Israeli funds Pitango Venture Capital, Eucalyptus Ventures, Giza GE Venture Fund, and Koor Corporate Venture Capital.
"The market for high-bandwidth Ethernet components and systems remains untouched by the difficult economic conditions affecting much of the industry," said Almagor. "As a result, this funding enables us to continue our expansion into the high-bandwidth Ethernet market, including the emerging 10-gigabit Ethernet market, and to broaden our product offering by leveraging our core technology in a number of other high-speed networking applications."