Vast Systems Technology, a provider of software for embedded systems design automation, has closed on $12 million in a fourth round of funding, according to VentureWire (subscription required).
The round was led by ZenShin Capital Partners, and included existing backers Mohr Davidow Ventures, Foundation Capital and Allen & Buckeridge. The company has raised $34 million in total, including from Toshiba. According to VentureWire:
The company’s software virtualizes electronic systems in automobiles and consumer electronics. This allows makers of electrical components to decrease the power consumption and complexity of their systems. It also enables them to develop the software that powers those systems prior to the completion of the hardware, said Alain Labat, VaST’s president and chief executive.
