Monday, December 15, 2008

Tela Innovations Scores $5.5M

San Jose-based Tela Innovations, which develops design-for-manufacturing (DFM) software for the semiconductor industry, said this morning that it has raised $5.5M in a new round of financing. The round came from Cadence Design Systems, KT Venture Group, and Wualcomm, along with existing investors, which include Intel Capital. According to the firm, the new funding will be used to bring the firm's products to market. Tela's software is used to improve the design and manufacturing of chip designs, optimizing chip layout structures that help improve semiconductor yields. More information »