News Release from: eASIC Corp
Edited by the Electronicstalk Editorial Team on 5 April 2005
More venture capital funding for eASIC
aASIC Corp has secured $7.5 million in equity financing from Kleiner Perkins Caufield and Byers (KPCB) and Vinod Khosla.
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eASIC Corp has secured $7.5 million in equity financing from Kleiner Perkins Caufield and Byers (KPCB) and Vinod Khosla. As follow-on to the previous investment of $5 million in May 2004, this additional venture capital funding is a vote of confidence in the company's breakthrough technology and fast growth. The funding will be used to expand the company's global operations, including marketing and sales and develop the next generation configurable logic and structured ASIC products at 65nm.
'Kleiner Perkins is inclined to invest in companies who can instigate a disruptive innovation change and lead a major main-stream market segment', said Vinod Khosla, Partner at Kleiner Perkins Caufield and Byers, who was named the Silicon Valley's most successful venture capitalist.
'eASIC's technology ushers in a new era of what we call standard metal'.
'This displaces standard cell which is no longer a viable solution for mainstream use in the custom logic market'.
'This funding will help the company achieve its next milestones and prepare for its next phase of rapid growth'.
'Receiving this second funding from KPCB and Vinod Khosla is a huge achievement for eASIC and the best vote of confidence from one of the leading and most successful venture capitalist firms', said Zvi Or-Bach, eASIC founder and CEO.
'This is an extremely important stage as we plan the launch of our first NRE-free structured ASIC arrays together with our strategic partners'.
'This product family, based on our innovative patented technology, addresses the needs of the growing configurable logic market'.
'By virtue of our disruptive technology, we are uniquely positioned to create a paradigm shift in the deep-submicron integrated circuit (IC) arena'.
'The funding from KPCB and Vinod Khosla will help us execute on providing our customers with the ultimate configurable logic solution'.
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