| OXFORD, England — Ignios Ltd., a company formed in 2003 with plans to enter the embedded system-on-chip market, has raised $3.8 million in a first round of private financing, the company said Wednesday (April 28). |
The company has developed a multiprocessing hardware and software infrastructure, called SystemWeaver, which it claimed can ease the use of multiple processor cores on a single chip. SystemWeaver provides a unified programming model for a multiprocessor SoC, which enables programmers to develop applications at a high level of abstraction, the company said.
The latest funding will be used to take SystemWeaver through to production, the company said. The investment was jointly led by Alice Lab, an early stage venture capital company with offices in Milan, Italy and Tel Aviv, Israel, and BTG plc.
"This technology will remove a major barrier to achieving optimal system performance in multi-core designs, and will deliver competitive advantage throughout the value chain — from semiconductor companies and OEMs to operating system developers," said Mark Lippett, Ignios cofounder and chief technology officer.
Fellow Ignios cofounder Dan Chester has been appointed vice president of business development.