Jim Hogan, Bill Nighan Join Board of Directors
SANTA CLARA, Calif. -- May 8, 2006 -- Knowlent Corporation, an analog testbench software and intellectual property (IP) company, recently closed its second round of funding, bringing total capital raised to $3.6 million. Incubic Venture Fund (Mountain View, Calif.) led the round, with existing investor AsiaTech Ventures (Santa Clara, Calif.) participating. The current round will be used for accelerating product development and proliferation; and tapping into the talent pool in China for the company's fast-growing research and development needs.
Knowlent's president and CEO Sandipan Bhanot said, "Analog verification challenges are exploding today. Innovation in this demanding market has been long overdue. We are very happy to have the backing of experienced and savvy investors as we continue serving this need."
Knowlent is also adding two veteran industry investors to its board of directors: Jim Hogan and Bill Nighn.
EDA luminary and new board member Hogan said, "This investment validates Knowlent's strategic focus. Rigorous verification of analog chip content has been a painful time-to-market stumbling block for decades. It has gotten completely out of hand in recent years due to increasing complexity."
Hogan added, "For as long as analog semiconductors have been around, every analog designer has had to write his or her own unique testbench based on individual experience. Every designer, even on the same team, creates testbenches differently with very little re-use. Design groups are battling with these problems with increasing frustration. Knowlent solves these problems with a uniform testbench IP and methodology."
Joining Hogan as the second new Board Member is Bill Nighan, Ph. D, a venture capitalist with Incubic Venture Fund. Nighan has placed several hundred million dollars of high tech products in the field. Incubic is focused on helping entrepreneurs build great and lasting technology companies.
Existing directors are Sandipan Bhanot, Knowlent president and CEO, and Katherine Jen, managing partner of AsiaTech Ventures. AsiaTech maintains a presence in Silicon Valley, Hong Zhou, China and Taipei, Taiwan. AsiaTech provides entrepreneurs with the guidance and resources at each step of the way, with a clear focus on making the business successful.
About Knowlent Corporation
Knowlent Corporation is a Silicon-Valley-based Electronic Design Automation (EDA) and Intellectual Property (IP) startup providing Analog and Mixed-Signal Testbench suites for standard interface specifications such as PCIe, Serial ATA and XAUI. Knowlent is exhibiting at the upcoming Design Automation Conference in San Francisco. Please visit our website to register for a demo of our products.
For more information, please visit Knowlent at http://www.knowlent.com or call (408) 748-0600.