SAN JOSE, Calif. Application engine synthesis tool vendor Synfora Inc. announced it has received $10 million in a second round of funding lead by venture firm ATA Ventures (Redwood City, Calif.).
ATA Ventures led the investment round with the company's original investors, Foundation Capital and U.S. Venture Partners, also participating in the round.
Synfora also said it added ATA's managing director, Hatch Graham, to its board of directors.
Synfora released its first product, PICO Express, in February, and said it would soon release a new version of the tool. Synfora also plans to introduce a new product in 2005.
The company claims its PICO Express tool eliminates months of manual design effort by automatically exploring and synthesizing multiple hardware implementations directly from C algorithms.
This helps IC designers reduce design costs and development time, leading to rapid time-to-market for their products, the company claimed.