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Solido raises $2.5 M
By siliconindia
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Wednesday, 13 September 2006, 19:30 IST
SAN FRANCISCO: Canadian analog/mixed-signal EDA startup, Solido Design Automation Inc., announced collectively, the fusion of $2.5 million in funding from private investors, and the creation of a board of directors.
Solido, has raised the amount from BDC Venture Capital, emerged in June, declaring its purpose to bring new technology to transistor-level design, including analog as well as some custom digital work.
Amit Gupta, the CEO, Solido said, Fresh new technology and algorithms not traditional to EDA are needed to address challenges in transistor-level design.
Our solutions address urgent needs facing not only analog and mixed-signal designers, but also custom digital and memory designers. Our technology, combined with the market we are addressing, attracted these technology heavyweights, he added.
Members of the board of directors include Jim Rutt, a former CEO of Network Solutions Larry Lam, Director of Technology Seed Investments at the Business Development Bank of Canada; and EDA veteran Matthew Raggett, Managing Partner of Adaus Ventures Inc.