ChipVision closes $4.5m series B round
Something that has been a rarity in the European EDA space, ChipVision Design Systems, a low-power specialist in electronic design automation (EDA) based out of Oldenburg, Germany and San Jose, California, raised $4.5 million in a Series B internal round.
The funding round was led by Target Partners and BayTech Venture Capital, both of Munich, Germany. Known for its power optimization design tools, ChipVision will use the funds to introduce its newly announced PowerOpt™ and P-SAM power optimisation design tools to market, and to further its research and development efforts.
Dr. Berthold von Freyberg, partner and co-founder at Target Partners, said, “The rapid proliferation of mobile and wireless applications has mandated the need for energy dissipation. ChipVision – with its focus on designing for low power at the system level – is in a unique position to help customers meet their low power goals.”
Andreas Demleitner, partner at Baytech Venture Capital, added, “ESL is the fastest-growing segment of the EDA industry. ChipVision’s ESL power optimisation solutions deliver the kind of productivity improvements that companies value and need.”
The CEO of ChipVision, Thomas Blaesi, commented, “Our recently announced PowerOpt and P-SAM products make development far more cost-effective and less risky because they let companies evaluate performance, area and power tradeoffs early, at the architectural level. Our approach helps companies reduce their pre-RTL energy needs by up to 75 percent, get power-optimized RTL 60 times faster than with lower-level methods, and investigate various system design alternatives to achieve the best power management strategies. We are pleased that Target Partners, Baytech Venture Capital and our other investors value ChipVision’s R&D efforts and resulting unique products that deliver significant savings through optimised power management.”
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© Chilli Publishing Ltd 2008 |
5 JUN 2008 |
