SAN FRANCISCO Canadian analog/mixed-signal EDA startup Solido Design Automation Inc. Tuesday (Sept. 12) announced the infusion of $2.5 million in funding from private investors and the creation of a board of directors.
Solido (Saskatoon, Canada) said private investors include Jim Rutt, Doyne Farmer, John Koza, Martin Keane and Matthew Raggett.
Members of the board of directors include Rutt, a former CEO of Network Solutions Inc.; Larry Lam, director of technology seed investments at the Business Development Bank of Canada; and EDA veteran Raggett, managing partner of Adaus Ventures Inc.
"Fresh new technology and algorithms not traditional to EDA are needed to address challenges in transistor-level design," said Amit Gupta, Solido CEO. "Our solutions address urgent needs facing not only analog and mixed-signal designers, but also custom digital and memory designers. Our technology, combined with the market we are addressing, attracted these technology heavyweights."
Solido, which has also raised $2.5 million from BDC Venture Capital, emerged in June, declaring its intent to bring new technology to transistor-level design, including analog as well as some custom digital work.