Bluespec sails its way to $4.5 M Series B
Date: Monday , May 01, 2006
Looking at the technology offered by Bluespec Inc., Atlas Venture and North Bridge Venture Partners have invested $4.5 million in the company that develops ESL synthesis toolset for control logic and complex datapaths in chip design. This brings the total amount raised in two rounds to $13 million.
Funds will be used as working capital to expand Bluespec’s sales and support and increase customer engagements.
CEO Shiv Tasker says VCs have shown interest in his company because Bluespec, based in Waltham, MA, has the potential to completely change the way semiconductor chips are designed over the next few years. Just as Gateway, with its introduction of Verilog, created a better alternative to schematic capture, Bluespec is now replacing RTL design with ESL design and raising the level of abstraction, reducing complexity, improving correctness and quality and showing a path to a 10x improvement in time and cost for chip design.
Tasker says Bluespec’s technology is broadly applicable to anyone doing digital chip design.
“Our maximum benefit is derived by people who are doing highly complex designs. Our customers have routinely observed a 2X improvement in time on their first projects. However, Bluespec is not a replacement widget.”
“Our market spans all engineers who do digital semiconductor design – roughly 300,000 engineers worldwide. Anyone who does RTL design today is a potential user,” Tasker says adding the company has 36 employees with a few of them in India in Noida and Bangalore.