Wednesday, October 5, 2011

eAsic Raises $12.475M

Santa Clara-based eAsic, a developer of ASIC devices which combine FPGA-like logic with ASIC technology to shorten tap out to prototype delivery, has raised $12.475M in funding, according to a recent regulatory filing by the company. Source of the Series H preferred stock funding was not detailed by the company, however, the firm lists its investors as Khosla Ventures, Kleiner Perkins Caufield & Byers, Crescendo Ventures, Evergreen Venture Partners, and Advanecd Equities Incorporated. The funding filing indicates that Cisco Corp. also has a board seat at the company with this funding round. eASIC's technology is aimed at cutting the gap between the fast development time but high costs of FPGAs, and the long time required for standard ASIC cell development--a major risk and market issue for semiconductor firms. More information »