Product category:
Design and Development Software
News Release from: Celoxica
Edited by the Electronicstalk Editorial
Team on 17 October 2001
Celoxica raises $30 million funding
Celoxica Holdings has completed its fourth round of private investment, raising $30 million.
Celoxica Holdings has completed its fourth round of private investment, raising $30 million Investors include Advent Venture Partners, Cazenove Private Equity, Intel Capital, the Isis College Fund, Quester Venture Capital Trust and Wind River Ventures
This article was originally published on Electronicstalk on 6 Feb 2001 at 8.00am (UK)
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FPGAs updated over the web
Celoxica has announced the DK1 design suite, software that enables a fundamentally new approach to the design of electronic hardware.
Celoxica offers a free go at FPGA design
Celoxica DK1 Eval is a free evaluation version of the Celoxica DK1 design suite that is restricted to compilations for simulation only, with no EDIF or VHDL output capability.
UBS Warburg acted as sole financial adviser to Celoxica on the private placement.
"We are delighted to receive this level of financing and proud to have closed one of the largest rounds of private equity invested in a European software company this year", said Jon Treanor, President and CEO, Celoxica.
"Celoxica has an aggressive product roadmap to extend the capabilities of its design offerings and increase the value we offer to customers.
Further reading
Design suite extended to latest FPGAs
Celoxica has extended its DK1 design suite for the rapid design of reconfigurable hardware to support Xilinx Virtex II customers.
Board helps with small to medium FPGA prototyping
New from Celoxica, the RC100 stand-alone development board provides a rapid prototyping platform for small- to medium-sized FPGA designs.
This latest investment will support the development of those new technologies and their successful delivery into the marketplace".
Dave Cheesman, Director at Advent Venture Partners commented: "We were attracted to Celoxica because its technology addresses fundamental changes to the way in which digital logic will be synthesised, expressed and implemented in the future.
These changes are necessary to bring about shorter and lower costs to the design times for silicon devices, and allow these devices to be updated and changed during their lifetimes.
We believe this is going to be a large, growing market and Celoxica is in a unique position".
"Celoxica has the potential to revolutionise the way digital electronic circuits are designed", said Tod Bensen, Chief Executive of Cazenove Private Equity.
"The DK1 design suite offers significant productivity gains and a clear return on investment for systems designers.
Celoxica's impressive list of industry partners also demonstrates the importance of their products across a wide range of applications".
Jeremy Milne, Director at Quester said, "We see a paradigm shift to programmability in electronic systems and Celoxica represents a high quality investment providing software tools to enable the development of programmable systems in the digital domain.
We are excited by the opportunity to be investing in Celoxica which complements other investments that Quester has in related areas".
Tom Hockaday, Director of Isis, said, "Isis is pleased that Celoxica has been successful in raising this substantial round of finance at a difficult time and we are encouraged by the continued development of the technology, originally derived from the Oxford University's Computing Laboratory".
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