SAN JOSE, CALIF. October 22, 1PM Rocketick Technologies Ltd., a provider of GPU-based logic simulation software for chip verification,today announced it has closed a $3 million Series C funding round including investments from Intel Capital, Intels global investment organization, NVIDIA, the world leader in visual computing, and other existing investors. Funding will be used for working capital to expand Rocketicks research and development team and expand its customer support infrastructure.
RocketSim is a GPU-based software solution that seamlessly attaches to existing simulators and accelerates them by an order of magnitude, thus enabling chip manufacturers to reduce significantly time-to-market of new designs. RocketSim works alongside existing customer workflows and design environments, thus requiring minimal ramp-up effort. It can attach to and accelerate all leading simulators in the market.
NVIDIA has licensed Rocketick technology and achieved excellent results across a wide range of designs, says Jeff Herbst, vice president of Business Development at NVIDIA. We have a long-standing and productive working relationship with the Rocketick team, going back to our 2011 investment, and we are pleased to extend our support through this follow-on investment.
Rocketicks technology has the potential to positively impact VLSI chip verification, adds Shishpal Rawat, Director, Design Technology Solutions Group, Intel. This unique way of parallelizing logic simulation can be of great value to any semiconductor company designing complex chips. We are pleased to invest in Rocketick.
We are excited to have both Intel Capital and NVIDIA as investors in Rocketick, said Uri Tal, Rocketicks CEO. RocketSim is now a proven simulation acceleration technology. Intel Capital and NVIDIA have given us strategic support, and their investment will enable us to scale commercially and to continue to advance our technology.
Rocketick, founded in 2008 by a group of hardware-assisted-acceleration experts, is a pioneer in GPU-based simulation acceleration for chip verification. Its first product, RocketSim, solves functional verification bottlenecks by complementing simulators with a GPU-based acceleration solution that offers 10x faster simulations for highly complex designs. RocketSim is used today by several semiconductor customers. For more information, visit www.rocketick.com or email us at email@example.com.
About Intel Capital
Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,322 companies in 54 countries. In that timeframe, 204 portfolio companies have gone public on various exchanges around the world and 336 were acquired or participated in a merger. In 2012, Intel Capital invested US$352 million in 150 investments with approximately 57 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com .
Since 1993, NVIDIA (NASDAQ: NVDA) has pioneered the art and science of visual computing. The company's technologies are transforming a world of displays into a world of interactive discovery -- for everyone from gamers to scientists, and consumers to enterprise customers. More information at http://nvidianews.nvidia.com and http://blogs.nvidia.com.