Indian founded Tilera raises $25 Million

Bangalore: San Jose based multicore chip maker Tilera has raised $25 million in series C round of investment financing. This round of funding is led by Broadcom, Quanta Computer and NTT Financing. Tilera intends to use this final round of funding primarily to broaden its product portfolio and for the expansion of sales activities.

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This brings the total venture capital investment in Tilera to $64 million. Founded in 2004 by Anant Agarwal who is also the CTO of the company and Vijay Aggarwal - Vice President of Business Development, Tilera has two product families, the TILE and TILEPro, currently shipping to customers in networking, wireless infrastructure, communications and cloud computing markets. In October 2009, Tilera announced its TILE-Gx family. According to the company, 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.

"We have grown revenues, design wins, and market momentum in one of the toughest years the industry has seen," said Omid Tahernia, CEO of Tilera. "The closure of this investment round is another sign of Tilera's growing success. We welcome our new strategic partners to the table and are looking forward to our future development plans." Currently, the company has about 65 employees.