Anant Agarwal co-founded Tilera raises $10 Million

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Bangalore: A fabless semiconductor company Tilera Corporation, has raised $10 million from Quanta Computer in venture funding. Quanta has selected Tilera's 64-core processor to develop products for cloud computing datacenters. San Jose, California-based Tilera makes chips, which can be used to make networking equipment more powerful and efficient. Tilera's processors are based on its iMesh architecture that scales to hundreds of RISC-based cores on a single chip. The distributed nature of Tilera's revolutionary architecture and the standards-based tools, including ANSI C/C++ compiler, GNU tools and Eclipse IDE, deliver an unprecedented combination of performance, power efficiency and programming flexibility. Anant Agarwal co-founded the company in 2004 based on his new idea for interconnecting different cores on a single chip. The first chip debuted in 2007 and the new ones have smarter memory. Previously, Tilera had raised $39 million in two rounds of funding. The investors include - Bessemer Venture Partners, Columbia Capital, Venture Tech Alliance (TSMC's venture arm) and Walden Capital Partners. "Tilera's power efficient, general purpose processors are a natural fit for datacenters products," said Ted Chang, Vice President of Quanta Research Institute at Quanta.

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