Wednesday, November 11, 2009

Stretch Raises $10M

Sunnyvale-based Stretch, a developer of software configurable processors, announced today that it has raised $10M in what it said was a mezzanine funding round. The round was co-led by Worldview Technology Partners, Oak Investment Partners, and Menlo Ventures--all existing investors. The firm said that the round was its "last round of funding" and will go to scale its operations and attain profitability, and specifically for increased manufacturing capacity and tape-out of its third generation of devices. The firm has now raised somewhere around $62M in funding. More information »