Tela closes $5.5M to scale semiconductor manufacturing
Tela Innovations, a Campbell, Calif. firm working to streamline semiconductor designs and manufacturing, has added three investors to close a $5.5 million third round of funding, reports VentureWire. The new backers, Cadence Design Systems, KT Venture Group and Qualcomm, join past contributors Intel Capital, AsiaTech Management, Sand Hill Finance, Teton Capital Group and Western Technology Investment.
The company plans to use the money to commercialize its semiconductor designs, aimed at efficiently scaling their processes.
Tela Innovations funded for 45 nanometer chipmaking
Tela Innovations is a Campbell, Calif. company with a technology for manufacturing 45 nanometer chips, which have just coming to the consumer market starting with Intel’s Penryn processor.
The company uses computational lithography techniques to address a special problem encountered in the manufacture of extremely advanced chips, when the wavelength of light used in manufacturing begins to become larger than the chips themselves.
Intel Capital and AsiaTech Management became new investors for an undisclosed round in the… Continue Reading