Monday, June 4, 2007

Stretch Snags $12M

Sunnyvale-based Stretch Inc. has snagged $12M in a Series B funding, the company announced today. The funding round was led by Worldview Technology Partners, Oak Investment Partners, and Menlo Ventures. Stretch is developing software configurable processors used for processing video, imaging, and wireless signals. The company said that the funding will go towards its silicon, software, and hardware reference design plans. Stretch now has more than sixty employees. More information »