Product category: Design and Development Software
News Release from: Monterey Design Systems
Edited by the Electronicstalk Editorial Team on 7 February 2002
Monterey Design bolsters war chest
Monterey Design Systems has secured an additional $20 million in equity funding
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Novel technology shrinks MPEG2 codec chip die
To meet the low cost requirements of high volume markets, Toshiba turned to AFP technology to reduce the die size of its eight million gate design by 10.5%
Record quarter for Monterey
Monterey Design Systems has closed a record quarter as a result of expanded orders from existing customers and the addition of several new accounts
The proceeds will be used to finance the next stage of the company's development expanding the company's sales, distribution, and support organisations. This brings the total investment in the company up to $90 million. Participation included both previous and new investors. "As a new investor, we were particularly impressed with the level of commitment to Monterey voiced by their customers during the course of our extensive due diligence proceedings", said Douglas A.
Lindgren, a managing director in US Trust's Private Equity Division.
"The benefits of Monterey's solution in terms of scalability, productivity, and cost-savings were clear".
"As one of Monterey's initial investors, we have watched the progress of the company with great satisfaction", said Al Schuele, general partner, Sevin Rosen Funds.
Further reading
Upgrade accelerates physical implementation system
The Dolphin physical implementation system incorporates patented Monterey Progressive Refinement technology to simultaneously optimise a design for timing, power, area and signal integrity
Prototyping system predicts device performance
Calypso is the industry's first silicon virtual prototyper to combine hierarchical design planning and silicon performance estimation in a single, integrated tool
"While the market for deep submicron physical implementation tools is highly competitive, Monterey is gaining momentum as customers are desperately searching for next generation design technology and products".
"The merger of Aristo Technology and Monterey Design has come to fruition.
The combined company offers the only truly comprehensive hierarchical physical implementation system available from any source.
Their remarkable execution of the merger and unique market position made Monterey a clear choice for continued participation", said Irwin Federman general partner, US Venture Partners - an early investor in Aristo Technology.
"The quality of the investors in Monterey is a reflection of the excellence of the technology embodied within our products", said Jacques Benkoski, president and CEO of Monterey.
"We have received universally positive feedback on our latest product releases from our customers.
We have successfully transformed our patented technology into production-hardened products.
Today, Monterey offers a hierarchical system-driven physical design solution that has been proven on design tape outs exceeding 15 million gates".
Investors in this round included: US Trust's Excelsior Venture Partners III, LLC, Sevin Rosen Funds, US Venture Partners, Rho Capital Partners, Vertex Partners, Information Technology Ventures and LSI Logic.
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