Product category:
Design and Development Software
News Release from: Atrenta
Edited by the Electronicstalk Editorial
Team on 23 October 2006
Visionary technology attracts investment
Atrenta has successfully secured $16 million in new equity financing.
Atrenta has successfully secured $16 million in new equity financing Investor Growth Capital led the financing in this Series D round
This article was originally published on Electronicstalk on 16 Jan 2002 at 8.00am (UK)
Related stories
Analysis tool checks structure of RTL code
SpyGlass 3.0 from Atrenta is a predictive analysis tool that cuts IC design time by providing the industry's first structural analysis of RTL (register transfer level) code.
Analysis tool checks testability of RTL code
Atrenta's SpyGlass DFT incorporates two new engines to find testability issues at register transfer level (RTL) that would normally only be identified at the gate level.
Samsung Ventures and Hercules Technology Growth Capital joined existing investors, Venrock Associates, TL Ventures, Smart Technology Ventures, Investcorp Technology Ventures and Finaventures, in the financing round.
In conjunction with the financing, Jose Suarez of Investor Growth Capital has joined Atrenta's Board, and Bill Byun of Samsung Ventures joins as an observer on the Board.
The funds will be used to fuel the company's continued growth by expanding Atrenta's product offerings in chip design software and its worldwide presence for sales and support.
Further reading
Simulator option speeds up Verilog RTL
SpyGlass for VCS is an option for Atrenta's SpyGlass 3.0 that improves RTL descriptions, which speeds up VCS simulation performance.
Trade-in deal to woo Avant! users
Atrenta has launched an aggressive trade-in programme that allows designers with Nova-ExploreRTL, Nova-VeriLint and Nova-VHDLint (VeriLint) licenses to upgrade to Atrenta's SpyGlass software.
"EDA is going through an interesting transformation with the migration to higher levels of abstraction, presenting exciting opportunities for visionary technology companies like Atrenta", said Jose Suarez of Investor Growth Capital.
"Atrenta is uniquely positioned to lead in the marketplace with its new class of automation tools for early design analysis and implementation methodologies".
"Atrenta has achieved significant traction in the EDA software space, evidenced by its expanding roster of customers and partners".
"The company's value proposition of early design closure addresses concerns that are critical to its customers' success, and it fits perfectly with our present portfolio of innovative technology companies delivering elegant solutions to recognised bottlenecks in semiconductor development".
"We are committed to contributing to Atrenta's long-term success and are pleased to lead in this round of funding".
"Samsung is excited to assist Atrenta in fulfilling its vision of helping chip designers with early design closure", said Bill Byun of Samsung Ventures.
"Atrenta is the first EDA company we have invested in, and we selected them based on their product leadership and outstanding customer traction that includes all the top semiconductor companies worldwide".
"Our growth and continued success is the result of the recognition we have received with our novel offering in EDA", said Dr Ajoy Bose, Chairman, President and CEO of Atrenta.
"When we founded Atrenta, we knew that the key to unlocking design productivity in the near future rested in early design closure tools".
"We pioneered RTL Predictive Analysis with SpyGlass and rapidly evolved the tool, transforming design development into a continuous realisation of design closure at the RTL phase".
"Our success with over 100 companies, including all of the top semiconductor companies in the world, demonstrates that we are offering a value that the semiconductor industry appreciates".
"We will use the additional capital to extend our solution and expand our markets to take the company to the next level".
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