VirtualLogix gets coy about funding round

The money would be used to accelerate the company's growth in the mobile segment, the company said.

The financing round included a new investor, Progression Partners, as well as the existing venture capital investors Atlas Venture, Index Ventures and DFJ Esprit; and strategic investors Intel Capital, Motorola Ventures, the strategic venture capital arm of Motorola, Inc., and Texas Instruments. "We believe this new round of financing validates our strategic focus on building market leadership for VLX virtualization technology in ARM-based mobile phone handsets and Intel-based mobile devices," said Glenda Dorchak, CEO at VirtualLogix, in a statement. "With the market momentum of exciting new mobile products and the increased use of virtualization technology to run multiple software elements, VirtualLogix is well positioned for significant growth. Our VLX solution is helping silicon vendors and OEMs speed time to market by enabling single-core devices that act like smartphones without impacting performance, and by improving software re-use to lower R&D costs."

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