Silicon Navigator, a Cupertino, Ca. provider of open-source focused electronic design automation (EDA) for chips, said it has raised an undiclosed amount of money from Intel Capital, the venture arm of chip giant Intel.

See the statement here. Here’s a snippet:

Silicon Navigator’s unique business model is based on licensing Application Programming Interface (API) based infrastructure and engines for chip design. The company provides EDA development tools and support to build products providing API’s to all components. The company bases its software on standards such at Qt, OpenGL, C++, TCL, Python and OpenAccess. Standards preserve customer investment and enable cross-pollination of technologies and resources from other industries. The Rocket Design Environment (RDE) framework’s architecture represents the next generation of EDA software where core algorithms are simply inserted into a common infrastructure. Interoperability lowers barriers to adoption, minimizing investment for new tools.