Wednesday, February 27, 2008

Tela Innovations Raises Series B

San Jose-based Tela Innovations said Wednesday that it has closed a Series B funding round. Amount of the funding was not disclosed. Tela said that the funding came from Intel Capital, and also included new investors AsiaTech and existing investors. Tela Innovation is developing technology used for routing and synthesizing of 45nm and smaller semiconductor designs. The firm's technology focuses on optimizing layouts for semiconductor lithography. More information »