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Intellectual Property Cores
News Release from: Kilopass Technology
Edited by the Electronicstalk Editorial
Team on 07 September 2006
Funding enables continued development
Kilopass Technology has successfully concluded its third round of venture capital funding.
Kilopass Technology has successfully concluded its third round of venture capital funding from lead investor, Pitango Venture Capital, along with US Venture Partners, BlueRun Ventures and iGlobe Partners This round of funding for $7.75 million will enable Kilopass to continue to develop innovative nonvolatile memory (NVM) technology and to expand its customer base and market presence
This article was originally published on Electronicstalk on 22 Oct 2004 at 8.00am (UK)
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"Our continued success with silicon-proven customer designs in several markets has demonstrated the increasing industry awareness of XPM as an excellent choice for embedded nonvolatile memory", said Bernie Aronson, CEO of Kilopass Technology.
"We are pleased to have Pitango Venture Capital lead this round as a new investment partner and welcome their guidance as Kilopass continues to grow".
"We also want to thank US Venture Partners, BlueRun Ventures, and iGlobe Partners for their continued support and participation in this round of funding".
"We are happy to contribute to the success of Kilopass and its innovative embedded nonvolatile memory technology", said Aaron Mankovski, Managing General Partner of Pitango Venture Capital.
"With several key customer wins, Kilopass has demonstrated an ability to accelerate the development of silicon chips for a wide range of leading-edge applications".
"Kilopass continues to gain recognition as a leader in embedded memory technology", said Arati Prabhakar, General Partner at US Venture Partners.
"With nonvolatile memory becoming an increasingly important component on system-on-chip designs, Kilopass is poised to take a leadership role as a provider of secure, field-programmable nonvolatile memory intellectual property".
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