Product category:
Design and Development Software
News Release from: Pyxis Technology
Edited by the Electronicstalk Editorial
Team on 29 June 2006
Funds secure research and infrastructure
Pyxis Technology has raised $9.2 million in Series B funding, which will be used for continuing R and D and to begin developing sales and marketing infrastructure.
Pyxis Technology has raised $9.2 million in Series B funding Formative Ventures of Menlo Park, California led the round with participation from Series A investors Austin Ventures and CMEA Ventures
This article was originally published on Electronicstalk on 25 Sep 2007 at 8.00am (UK)
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Funds will be used for continuing R and D and to begin developing sales and marketing infrastructure to support customers for the company's DFM routing technology.
"DFM-aware tools for next generation semiconductor designs is one strategic area of EDA that we've been looking very seriously at", said Brian Connors, General Partner of Formative Ventures.
"Pyxis is uniquely positioned with excellent technology and a stellar team that can play a significant role in providing software to design chips for deep nanometre process technology nodes".
"Formative Ventures has deep experience in EDA and semiconductor technology".
"While we had the good fortune to receive several term sheets, we ultimately picked a partner that believes in our vision and the oncoming inflection point in our industry", said Naeem Zafar, President and CEO of Pyxis Technology.
"As manufacturing and yield issues become design-dependent, Pyxis' goal is to capitalise on the need for a true DFM routing solution".
Faysal Sohail, Managing Director of CMEA Ventures said: "We were very pleased to see this round oversubscribed - indicating Pyxis' leadership position in DFM technology".
Krishna Srinivasan of Austin Ventures added: "It is great to see a portfolio company with deep roots in Austin, Texas flourish".
"We are pleased to have Formative Ventures as an investor".
Pyxis will be demonstrating its technology at Booth 2323 at the 43rd Design Automation Conference (DAC 2006) at San Francisco's Moscone Center from 24th to 27th July 2006.
Naeem Zafar also will be participating in a panel discussion on return on investment from new DFM techniques on Thursday 27th July from 1630 to 1800.
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