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EVE Raises $6 Million in New Funding
Funds To Be Used To Accelerate Product Roadmap, Expand Sales Channel
PALAISEAU, France & SAN JOSE, Calif. –– Feb. 14, 2006 – EVE today announced that it has closed another round of funding totaling $6 million from its existing investors 3i, Auriga Partners, CAPE, Siparex and Rothschild. This investment will be used to further grow EVE's business through an accelerated introduction of new products, expansion of its sales force.
EVE closed 2006 with more than 30 customers, including eight of the 10 largest semiconductor companies, and approximately 130 ZeBu (for Zero Bugs) hardware-assisted verification platforms installed worldwide. Extending beyond its traditional emulation market, EVE introduced in June 2005 ZeBu-UF, an ultra-fast version of its verification platform to address the hardware-software co-verification market of system-on-chip (SoC) designs with three to six million application specific integrated circuits (ASIC) gates. EVE now employs more than 60 professionals in France, Japan, Korea and the United States.
"ZeBu is now the acknowledged category leader in integrated hardware-software verification and embedded software validation markets," says Luc Burgun, EVE's chief executive officer and president. "The vote of confidence from our investors is indeed gratifying. This new funding will help us accelerate our plans to introduce the next generation of ZeBu platforms and enable us to further translate our technology leadership into market leadership."
Adds Venk Shukla, an EVE board member and noted electronic design automation (EDA) executive: "EVE is certainly one of the rare EDA success stories. Picking 10 new customers over the last year in a climate that is not favorable to smaller companies, EVE has clearly demonstrated its winning technology edge and its ability to satisfy big accounts. No wonder the investors are so enthusiastic about this company."
"EVE's customer momentum, technology leadership and a big market opportunity all point to its sustainable future as a major EDA player," concludes a representative from the investors. "We are now convinced that the company has a long-term potential, hence our decision to inject further money in the business to capitalize on the current success and start thinking about consolidating some of the verification market."
For more information, contact Lauro Rizzatti. He can be reached at (408) 881-0440 or via email at lauro@eve-usa.com. More details can be found at the EVE website located at: http://www.eve-usa.com.
About EVE
EVE offers the fastest verification and most cycles per dollar by combining the best aspects of traditional emulation and rapid prototyping systems into a single, unified environment for ASIC and SoC debugging, and embedded software validation. Its headquarters in the United States is San Jose, Calif. Telephone: (408) 881-0440. Fax: (408) 904-5800. Its corporate headquarters is located in Palaiseau, France. Telephone: (33) 1 64.53.27.30. Fax: (33) 1 64.53.27.40. Email: info@eve-usa.com. Web Site: http://www.eve-usa.com.
PALAISEAU, France & SAN JOSE, Calif. –– Feb. 14, 2006 – EVE today announced that it has closed another round of funding totaling $6 million from its existing investors 3i, Auriga Partners, CAPE, Siparex and Rothschild. This investment will be used to further grow EVE's business through an accelerated introduction of new products, expansion of its sales force.
EVE closed 2006 with more than 30 customers, including eight of the 10 largest semiconductor companies, and approximately 130 ZeBu (for Zero Bugs) hardware-assisted verification platforms installed worldwide. Extending beyond its traditional emulation market, EVE introduced in June 2005 ZeBu-UF, an ultra-fast version of its verification platform to address the hardware-software co-verification market of system-on-chip (SoC) designs with three to six million application specific integrated circuits (ASIC) gates. EVE now employs more than 60 professionals in France, Japan, Korea and the United States.
"ZeBu is now the acknowledged category leader in integrated hardware-software verification and embedded software validation markets," says Luc Burgun, EVE's chief executive officer and president. "The vote of confidence from our investors is indeed gratifying. This new funding will help us accelerate our plans to introduce the next generation of ZeBu platforms and enable us to further translate our technology leadership into market leadership."
Adds Venk Shukla, an EVE board member and noted electronic design automation (EDA) executive: "EVE is certainly one of the rare EDA success stories. Picking 10 new customers over the last year in a climate that is not favorable to smaller companies, EVE has clearly demonstrated its winning technology edge and its ability to satisfy big accounts. No wonder the investors are so enthusiastic about this company."
"EVE's customer momentum, technology leadership and a big market opportunity all point to its sustainable future as a major EDA player," concludes a representative from the investors. "We are now convinced that the company has a long-term potential, hence our decision to inject further money in the business to capitalize on the current success and start thinking about consolidating some of the verification market."
For more information, contact Lauro Rizzatti. He can be reached at (408) 881-0440 or via email at lauro@eve-usa.com. More details can be found at the EVE website located at: http://www.eve-usa.com.
About EVE
EVE offers the fastest verification and most cycles per dollar by combining the best aspects of traditional emulation and rapid prototyping systems into a single, unified environment for ASIC and SoC debugging, and embedded software validation. Its headquarters in the United States is San Jose, Calif. Telephone: (408) 881-0440. Fax: (408) 904-5800. Its corporate headquarters is located in Palaiseau, France. Telephone: (33) 1 64.53.27.30. Fax: (33) 1 64.53.27.40. Email: info@eve-usa.com. Web Site: http://www.eve-usa.com.
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