DoCoMo Capital Joins Existing Investors, Synopsys, Crescendo, TVM Capital and Ventech to Fund the Leading NoC Interconnect Solution ProviderSAN JOSE, Calif.-- May 21, 2008
-- Arteris Inc., the leading provider of Network-on-Chip (NoC) solutions, today announced that it has completed its Series C round of investment, raising $7.5 million and bringing total investment in the company to $25 million. New investor DoCoMo Capital joins all existing investors (Crescendo, Synopsys, TVM Capital and Ventech) to fund the market deployment phase of Arteris’ NoC Solution.
The funding comes as the Arteris NoC solution - which provides a more effective and scaleable approach than busses or other on-chip interconnect methods to connect the various elements of a complex SoC - is gaining traction at key customers. The injection of capital will allow the company to further its sales and marketing reach and support the deployment of its NoC solution worldwide.
“We are excited to be part of the Arteris investor group that is backing this innovative approach to developing complex chips,” said Nobuyuki Akimoto, President and CEO of DoCoMo Capital. “We have invested because we believe that Arteris’ NoC technology has a strong place in the evolution of SoC design, particularly in wireless and multimedia applications.”
“In the last 12 months we have made excellent progress in deploying our products at multiple wireless and multi-media SoC customers,” said K. Charles Janac, President and CEO of Arteris. “DoCoMo Capital and its parent company NTT DoCoMo have strong ties to our wireless SoC customers. Together with our existing investors, we have a global presence to address market opportunities worldwide.”About Arteris Inc.
Arteris, Inc. provides Network-on-Chip (NoC) interconnect IP and associated design tools to improve the performance of system-on-chip (SoC) architectures for multimedia, telecom, and mobile applications. Arteris' NoC solution manages the on-chip communications within complex SoCs delivering high performance, while reducing the number of global wires and lowering power consumption. It allows chip developers to implement efficient and high-performance SoC designs, overcoming limitations of traditional layered or pipelined bus-based architectures. Arteris' technology is scaleable in terms of the number of IP blocks designers can network, as well as with deep submicron silicon manufacturing processes. The Arteris NoC solution is compatible with existing design flows and IP interface standards.
Arteris operates globally with headquarters in San Jose, California and an engineering center in Paris, France. Arteris has raised more than $32 million in equity funding from an international set of investors. More information can be found at http://www.arteris.com