SAN JOSE, Calif. -- Moving in a new direction, analog startup SliceX Inc. has named a new CEO and secured $15 million in funding.
The company announced that Yusuf Haque, a former executive at Maxim Integrated Products Inc., has joined as CEO. Before joining SliceX, Haque was the general manager of Maxim Integrated Products' Signal Processing and Data Converter Business Unit.
He assumes the title from Thomas Wolf, founder and CEO of SliceX. In his new role, Wolf will become chief technology officer and will remain a director.
Haque will led the analog company in a new direction. Formed in 1996, San Jose-based SliceX started as an intellectual-property (IP) and design house. It owns over over 200 analog function blocks.
Led by a veteran team of industry executives, SliceX now plans to start introducing analog IC products under its own brand name.
As part of that effort, SliceX obtained new funding. The $15 million funding round was led by Crosslink Capital with participation from existing investors, such as Global Catalyst Partners and BlueRun Ventures.
SliceX will use the investment to develop a high-performance analog mixed-signal product line. ''The keys to the kingdom lie in providing solutions for high performance analog mixed signal products,'' said Haque.
Haque also joins the board of directors at the company, which is chaired by Michael Hackworth, founder, former CEO and current chairman of Cirrus Logic Inc.
Crosslink Venture Partner Lou DiNardo, the former president and COO at Intersil Corp., joins Global Catalyst Partners' Vijay Parikh and BlueRun Ventures' Sujit Banerjee on the board.
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