Vector Fabrics Closes Series B Round of Financing
Eindhoven, The Netherlands, November 3, 2011 - Vector Fabrics today closed its B round of financing, led by new investor Newion Investments. Return investors TechnoStars and Point-One Starter Fund also joined this B round, further expanding their holdings. Vector Fabrics develops programming tools for multicore embedded systems that are at the heart of virtually every smart system you can think of today, from smartphones to cars and from televisions to game consoles.
The design tools that Vector Fabrics develops especially address the current and upcoming generations of multicore embedded systems already shipping in tablets and mobile phones. The rapidly increasing hardware complexity of these multicore systems results in lengthy and costly software development cycles and introduces quality issues. Vector Fabrics’ development software significantly reduces development time and eliminates hard-to-find bugs that are introduced during software parallelization. The tools greatly simplify and reduce the expertise required to develop applications for multicore hardware platforms.
Claassen, investment director and partner at Newion, says, “We are proud to welcome Vector Fabrics as the first portfolio company in Newion II, the fund that saw its ‘first closing’ in April. Vector Fabrics has a unique solution for the problem that the embedded software market has been facing for years. The combination of Vector Fabrics’ experienced management team with its excellent reputation in embedded engineering and the results of benchmark studies and pilot projects provide a solid foundation for market leadership. We’re more than happy to assist Vector Fabrics in realizing its ambitions and growth.”
Mike Beunder, Vector Fabrics’ CEO, adds, “With the backing of Newion Investments and the closing of our B round, Vector Fabrics can now concentrate on increasing its marketing and sales activities. Our recent announcements concerning our engagements with Imagination Technologies and NVIDIA are the first signs of this expansion.”
|
Related News
- Atrenta closes up round series B financing
- Cerebras Systems Raises $250M in Funding for Over $4B Valuation to Advance the Future of Artificial Intelligence Compute
- Algolux Closes $18.4 Million Series B Round for Robust Computer Vision
- Vastai Technologies Closes US$75 Million Series A+ Financing
- Amber Solutions Closes 2020 With Series B Funding Totaling More Than $8.5 Million
Breaking News
- Xiphera's first financing round successfully completed
- Breker Verification Systems Joins RISC-V International as a Strategic Member to Drive Cache Coherency and SoC Integration Verification Methodologies
- 2022 a Focus for 12-inch Capacity Expansion, 20% Annual Growth Expected in Mature Process Capacity, Says TrendForce
- Alphacore Joins Forces with Quantum Leap Solutions to Bring World-Class Design IP to the North American Commercial Market
- The Role of Hardware Root of Trust in Edge Devices
Most Popular
- Synopsys and Arm Strengthen Partnership to Advance Next-Gen Mobile SoCs for Arm's Total Compute Solutions
- UMC, eMemory, and PUFsecurity Announce Successful Silicon-Proven Secure Embedded Flash IP
- New startup MachineWare enables ultra-fast RISC-V simulation
- Arm Total Compute Solutions redefine visual experiences and supercharge mobile gaming
- Accenture Announces Intent to Acquire XtremeEDA to Expand Silicon Design Capabilities in Canada and US
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |