Has secured $6M from Fremont Ventures to complete funding round, which included Crosspoint Venture Partners and Texas Pacific Group

February 21, 2002

1 Min Read

SANTA CLARA, Calif. -- eSilicon Corporation, a fabless provider of application specific integrated circuits (ASICs), today announced that it has secured $6 million in private financing from Fremont Ventures to complete its most recent funding round of $17 million. Fremont Ventures invests in early-stage companies that are developing or leveraging scalable, technology-based business models and has as its sole limited partner Fremont Group, a private investment firm with $11 billion under management. The round of funding also included Crosspoint Venture Partners, Texas Pacific Group, and a limited number of individual private investors. "Our investment in eSilicon affirms the undeniable fact that the fabless ASIC model is leading the next wave of innovation in the semiconductor industry," said Keith Lobo, a general partner of Fremont Ventures, eSilicon director and 22-year semiconductor industry veteran. "By providing customers with outstanding internal engineering resources and a flexible and well integrated supply chain, eSilicon offers the resources of experienced ASIC providers with an engagement model that is far better suited to today's marketplace." eSilicon Corp.

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