eASIC Raises $23.5 Million In Funding
eASIC is a custom chip design technology company that has raised $23.5 million in funding from Khosla Ventures, Kleiner Perkins Caufield and Byers, Crescendo Ventures, Seagate Technology, and Evergreen Partners. eASIC will be using the funding for building development groups in the U.S. and Europe. They will also use the funding to provide capital for their Single Mask Adaptable ASIC devices.
“eASIC has become the go-to provider for cost effective, mass customization devices,” stated eASIC president and CEO Ronnie Vasishta. “Our success in wireless infrastructure and the storage market, coupled with several new key design wins in the high-volume automotive market drove the targeted $20M round to be oversubscribed to $23.5M. This significant funding by leading venture firms and a strategic partner positions us well to expand our development and customer organizations as we execute on our recent wins and broad customer pipeline.”
eASIC offers low-cost, high-performance and fast-turn ASIC and system-on-chip designs are enabled through patented technology utilizing Via-layer customizable routing. The innovative fabric allows eASIC to offer a new generation of ASICs with lower up-front costs than traditional ASICs.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry