Stealthy Tabula has raised cash for PLD launch

LONDON — Tabula Inc. (Santa Clara, Calif.) is a fabless semiconductor company that has not had much to say publicly about itself since its formation in 2003. It claims to be developing a next-generation of programmable logic device.

However, it has had plenty of success in raising money. The company took in $24 million towards the end of last year which can be added to the $50 million Series C round the company raised in 2007.

It is not clear how quickly Tabula is burning its cash nor what it product launch it is contemplating or when, but it has been linked to both dynamically-programmable, evolvable FPGA-style devices and to parallelism.

The most recent funding came from Tabula's existing investors Greylock Partners, Benchmark Capital, NEA, Crosslink Capital, DAG Ventures, Balderton Capital, Integral Capital Partners, and SVB Capital.

"This funding is another clear vote of confidence on the part of Tabula's investors," said Dennis Segers, CEO of Tabula in a statement at the time. Tabula said it wants to use the money to complete its product launch and fund market entry plans.

The company claims on its website to have "a completely new way of solving a very important problem," based on innovation in EDA software, IC design and advanced process technology.

A clue to what Tabula is contemplating may be found in its management.