PARIS – French EDA startup company CoFluent Design announced it has raised 2 million euros (about $2.6 million) in a first round financing that will be used to develop the company’s sales and marketing activities, to accelerate its research and development program, and to expand its portfolio of functional and architectural design tools.
The round was led by Emertec Gestion, a French venture capitalist specializing in microelectronics, BNP Paribas Private Equity (BNPP PE), the Private Equity arm of BNP Paribas, as well as UFG Private Equity, Private Equity asset management company of the French consortium Groupe UFG.
CoFluent Design was launched in 2003 in Nantes (France) by its three founders: director Vincent Perrier previously worked as an applications engineer at Wind River Systems Inc., general manager Stephane Leclercq worked for Motorola Computer Group, and chief technology officer Jean-Paul Calvez is a professor at the Polytechnic school of Nantes.
Calvez created the hardware/software co-design methodology on which CoFluent’s functional and architectural design tool, CoFluent Studio, is based. It helps define a hardware/software architecture, and it generates C code and synthesizable VHDL.
“This strong show of investor confidence is a major milestone in CoFluent’s history,” commented Stéphane Leclercq, CEO of CoFluent Design, in a statement. “Partnering with such major players in the high-tech venture capital arena is a direct reflection of the achievements and potential of CoFluent Design and its patented technology. Our investors’ experiences will be of tremendous help in our plan to become a leading provider of ESL solutions.”