Achronix nabs $43M for gate array technology
Achronix Semiconductor Corp. recently closed $43 million of a large, still open $52 million second round of financing. Argonaut Private Equity led the tranche, which also included existing investors Battery Ventures, New Science Ventures, Easton Capital Investment Group and Entrepia Ventures. These contributors helped the San Jose, Calif. company hit $25.4 in its first round last January. The company plans to use its new funds to develop a new generation of products.
The round is being… Continue Reading
Achronix raises large $25.4 million first round for multi-GHz chip technology
Achronix Semiconductor, a San Jose company developing “multi-GHz Field Programmable Gate Array (FPGA)” technology, has raised a $25.4 million first round of venture backing.
New Science Ventures (of New York) and Battery Ventures led the round, which also included Entrepia Ventures and Easton Capital Investment Group.
The company says the there is a $20 billion-plus market in the “high-performance segment of global ASIC/ASSP/FPGA.”
Here’s the full statement.