Sonics, chip software company, files for IPO

August 27, 2007 | Matt Marshall

Sonics, a Mountain View, Calif. company that sells software to chip companies, has filed for an initial public offering of up to $80 million in common stock.

For the three months ending June 30, the company has net income of $2.8 million up from from a net loss of $907,000 in the same period a year earlier.

Sonics has raised more than $60 million from at least 20 investors over the last decade, including original investors Globespan (formerly Jafco Ventures), Investar Capital and JP Morgan Partners. Others include Cadence, Cadence Design Systems, Easton Hunt Capital, H&Q Asia-Pacific, Omninet Capital, PaceSetter, Newlight Associates, Samsung Ventures Investment, Smart Technology Ventures, Spinnaker Ventures, TL Ventures and Toshiba.

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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.