LONDON Network-on-chip IP supplier Arteris Inc. (San Jose, Calif.) has raised $9.7 million from a group of investors led by Qualcomm Inc. and including ARM Holdings plc.
These two new investors join existing investors, Synopsys, DoCoMo Capital, Crescendo Ventures, TVM Capital and Ventech, who also participated in this round. Arteris said it would use the money to expand global sales and customer support.
The company was founded in Paris in 2003 and has been shipping products since about 2006. The latest round of finance brings the amount the company has raised to $35 million.
"We see the network-on-chip technology as an enabling technology in designing complex SoCs at 40 nanometer processes and beyond," said Frederic Rombaut, managing director of Qualcomm Ventures Europe, in a statement issued by Arteris.
"This investment is central to our strategy of creating a heterogeneous interconnect eco-system around the AMBA specification, upon which our mutual customers can design and connect a variety of innovative IP, complementary protocols and services," said Keith Clarke, general manager of fabric IP at ARM, in the same statement. "Our goal is to have the Arteris technology interoperate with AMBA protocol-based IP and so accelerate deployment of ARM processors in SoC designs."
"We are aiming to deepen the interoperability of the Arteris NoC technology with ARM processors, and AMBA interconnect protocol standards to help SoC makers and system houses improve capability and delivery of advanced SoC semiconductors," said Charles Janac, president and CEO of Arteris, in the same statement.
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