Vast Systems, provider of design software for cars and consumer electronics, raises $12M

July 25, 2007 | Matt Marshall

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.

Next Story: Cell imager and manipulator Cyntellect collects $15.1M
Previous Story: WiMAX company, Telsima, raises $25M in debt

Twitter

Facebook

Google Buzz

Digg

StumbleUpon

Delicious

Google

More...

Tags: deal

About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.