August - 2011 issue > VC Chakra

By si Team

California based SiliconBlue Technologies, a provider of programmable logic solutions for consumer battery-based mobile applications such as smartphones, eBooks/ePaper, netbooks, digital picture frames, mobile internet devices, portable media players, hand-held POS systems, medical instruments and flash camcorders, has raised $18 million in series D round of funding led by Atlantic Bridge Ventures. Founded in 2006 by Kapil Shankar, the company is headquartered in Santa Clara and currently employees more than 70 people worldwide. They have more than 40 patents in their portfolio with key partnership with TSMC, ASE and Synopsys. The investors in the company are BlueRun Ventures, Crosslink Capital, NEA, Apex Venture Partners and TSMC.

Unlike traditional logic chips, SiliconBlue's devices can be programmed after they have been manufactured, which means that cell phone designers can get their new products out faster as they do not have to wait for a custom chip to be built. The company's iCE65 mobile devices enable designers of these mobile products to implement differentiating product features quickly and easily.

The firm had previously raised $15,000,000 in series C round of funding in 2010 and $24,000,000 in series B round of funding in 2008

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