News Release from: Elixent
Edited by the Electronicstalk Editorial Team on 8 April 2005
New investors for reconfigurable semiconductors
Reconfigurable semiconductor specialist Elixent has announced the first close of a new round of funding.
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Reconfigurable semiconductor specialist Elixent has announced the first close of a new round of funding. This latest round includes a strategic investment from Panasonic Digital Concepts Center, the Silicon Valley based venture capital arm of Matsushita Electric Industrial Co, and Toshiba Corp. Existing investors 3i, GIMV and NIF Ventures also participated.
The new investment round, which when complete will total $15 million, will be used to broaden Elixent's sales through the development of complete application demonstration platforms for consumer product OEMs.
Elixent's D-Fabrix reconfigurable algorithm processing (RAP) technology reduces chip development costs by enabling the same device to be used for multiple applications.
It does this without incurring the size and power overheads of traditional programmable solutions.
This is ideal for the growing convergence of consumer electronics devices as multiple applications, such as music players, PDA functions, video and still cameras, can be realised on the same chip.
'This latest round of funding demonstrates that reconfigurable technology will be an important component of future consumer electronic devices, and that Elixent is the leading supplier of this technology', commented Kenn Lamb, CEO of Elixent.
'The headstart gained from our HP roots has allowed us to deliver a production ready reconfigurable technology to our customers'.
'We've worked with Elixent for two years now and this investment shows our ongoing commitment to the company and the system-on-chip technology we've developed together', said Yoshio Ooida, Executive Vice President, Toshiba Corp Semiconductor Company.
'Reconfigurable technology will play a key role in the next generation of consumer electronics'.
'Our investment in Elixent demonstrates our high expectations of its technology and the market', said Dilip Sampath, Partner, Panasonic Digital Concepts Center.
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