Wednesday, October 22, 2008

Silicon Hive Finds $7M

Silicon Hive, a developer of processor cores for the systems-on-a-chip market, said Wednesday that it has raised $7M in a new round of venture funding led by Intel Capital. Prior investors New Venture Partners and TVM Capital also participated in the funding. The Eindhoven, Netherlands-based firm has its U.S. offices in Milpitas. The company said the funding will go to expand the global sales, marketing and customer support organization at the company. More information »