BOPS® Receives $40 Million in Latest Round of Financing
Funds Will Fuel Further Growth for High-Performance, Programmable DSP Core Provider
MOUNTAIN VIEW, Calif., July 14, 2000 -- Billions of Operations Per Second, Inc. (BOPS®), leading programmable DSP core provider today announced that it has received $40 million from its latest round of financing. The funds will be used to further the growth of the company?s in the programmable DSP core market. Total investment in the company to date is $49.5million.
BOPS develops and licenses high-performance programmable DSP cores as well as providing top tier OEMs with hardware, software tools and engineering support to quickly and efficiently design Internet, multimedia and communications products using the BOPS ManArrayTM DSP core family.
"This latest round of funding is fueling our continuing growth and is helping us put in place the additional resources and infrastructure needed to support our worldwide base of customers," noted, Carl Schlachte, BOPS CEO and Chairman of the Board.
BOPS closed its latest round of financing, Series C Preferred, on June 7, 2000 at $40 million. New investors in this round included: Vulcan Ventures, Robertson Stephens? Bayview Fund, Broadview Capital Partners, J.&W. Seligman, Scudder Kemper Investments, and Aman Ventures. Previous BOPS investors that also participated in this latest round include: Pequot Capital Management, Inc., Vantage Point Venture Partners and the Band of Angels Fund.
Billions of Operations Per Second, Inc. (BOPS) is a Mountain View, Calif.-based company that develops and licenses the highest-performance programmable DSP core family, the ManArrayTM family, as well as advanced development tools for high-volume, system on a chip (SoC) solutions for the Internet, multimedia and wireless communications markets.
The BOPS ManArray DSP product family is targeted to accelerate SoC manufacturers? time from product concept to high-volume shipments by providing the highest-performance, scaleable and reusable DSP cores and an advanced set of software tool technologies
BOPS: Billions of Operations Per Second
DSP: Digital Signal Processor
IP: Intellectual Property