Intel has purchased NetSpeed Systems for an undisclosed amount. NetSpeed Systems is expected to help Intel improve its tools for designing and developing new system-on-chips (SoCs) along with all-in-one chips.
According to VentureBeat, NetSpeed is joining Intel’s Silicon Engineering Group (SEG), which is headed up by Jim Keller. Sundari Mitra, the co-founder and CEO of NetSpeed, will have the position of vice president at Intel. And Intel is planning to honor NetSpeed’s existing customer contracts.
“Intel is designing more products with more specialized features than ever before, which is incredibly exciting for Intel architects and for our customers,” said Keller in a statement. “The challenge is synthesizing a broader set of IP blocks for optimal performance while reining in design time and cost. NetSpeed’s proven network-on-chip technology addresses this challenge, and we’re excited to now have their IP and expertise in-house.”
Launched in 2011, NetSpeed Systems offers scalable and network-on-chip (NoC) intellectual property to SoC companies. And NetSpeed’s NoC tool automates the SoC front-end design and generates high-performance interconnect fabrics.
In turn, this saves time and money for network architects. Plus architects will be able to estimate and optimize SoC performance.
“Intel has been a great customer of NetSpeed’s, and I’m thrilled to once again be joining the company,” added Mitra in the statement. “Intel is world class at designing and optimizing the performance of custom silicon at scale. As part of Intel’s silicon engineering group, we’re excited to help invent new products that will be a foundation for computing’s future.”
Prior to the acquisition, NetSpeed Systems raised funding from Intel Capital, Walden Riverwood Ventures
Walden Riverwood Ventures, and SK hynix.