Leading lights line up to invest InTime

InTime Software, a leading technology innovator in RTL Closure (register transfer level closure), has closed a $14 million round of funding from venture capital and corporate investors.

InTime Software, a leading technology innovator in RTL Closure (register transfer level closure), today announced the closing of a $14 million round of funding from venture capital and corporate investors.

Venture capital investors included Earlybird, WaldenVC, Novus Ventures and Cadence Design Systems.

Earlybird and WaldenVC co-led the round, which was oversubscribed.

As part of this financing, Stephen Ciesinski of Earlybird and George Sarlo of WaldenVC have joined the Company's Board of Directors.

This round of funding brings the total investment in the company to $25.5 million.

"Because semiconductors have shrunk so dramatically in recent years, semiconductor design has become exponentially more complex", said InTime founder and CEO J George Janac.

"InTime is solving this problem today by enabling existing EDA tools to anticipate the physical challenges posed by the IC production process".

By introducing detailed parasitics at the start of a project, InTime's software eliminates major timing disconnects much earlier in the design process than existing EDA tools.

As a result, InTime greatly reduces both the time and money required to develop semiconductors.

Janac is confident that InTime has what it takes to succeed.

"In this economy, strong backing from three prominent venture capital firms as well as Cadence underscores the power of InTime's vision.

Today's EDA mergers and acquisitions put an ever higher premium on solving closure issues in front-end design".

Stephen Ciesinski, a partner at Earlybird, agrees, pointing to InTime's deep track record in the semiconductor business.

"InTime's team has been working in the EDA industry for over 17 years and is responsible for the creation of many of the industry's existing products", he observed.

"Our investment is proof of our conviction in the team's ability to make a dramatic impact on IC design".

George Sarlo, a partner at WaldenVC, noted, "InTime has the vision and software for integrating all of the essential elements of the IC design process, including intellectual property, libraries, tools and design techniques.

InTime's web-enabled infrastructure and framework represents the next major leap in globally integrated semiconductor design".

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