Arteris has raised $7.5 million in a third round of financing to fund its networking chip technology.
Current customers include STMicroelectronics NV and Texas Instruments Inc. The San Jose, Calif., and Paris, France-based company designs a chip interconnect technology that it licenses to chip design and chip making companies. It allows them to connect sections of a chip without the use of traditional buses, which take up a lot of space and are therefore costly to put on a chip.
The company’s technology is useful for companies designing “systems on a chip,” or those with multiple functions that have to be interconnected. Rivals include Sonics and Silistix.
To date, Arteris has raised $27.6 million in venture capital since 2003.