$12M Flows Through Arteris

French semiconductor startup Arteris raises $12M from a syndicate of international venture capital firms, led by Atlas Venture

February 25, 2003

1 Min Read

PARIS, France -- ARTERIS, a new semiconductor startup, today announced that it has closed its first round funding for a total of $12 million. This financing round was led by Atlas Venture with co-investments from Crescendo Ventures, Techno Venture Management and Ventech. ARTERIS will use the funds to develop a breakthrough SoC (System-On-Chip) design solution including next generation on-chip interconnect technology and functional design verification platform. This solution will greatly enhance SoC design capabilities, as well as significantly increase return-on-investment for complex SoC development projects. The company was founded in early 2003 by a team of leading semiconductor experts. Alain Fanet, Cesar Douady and Philippe Boucard founded and managed T.sqware, a company focused on high performance network processors which was acquired in 2000 by GlobespanVirata for over $200 million. Commenting on the market opportunity, Alain Fanet, CEO of the new Company, said "In the past decade, conventional design methodologies have enabled the development of the ASIC/ASSP markets. Today, deep sub-micron and Systems-on-Chip (SoC) technologies require new design capabilities compatible with a stressed project economy environment. Our SoC design solution will bring great value to the industry by enabling a new level of SoC integration while significantly improving return-on-investment for SoC projects."

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