Clear Shape Technologies, a semiconductor designer for software and technology companies, completed Series B funding, of little over $5 million. This second round increases the total funding to $10 million for Clear Shape.

Series B is led by Intel Capital and KT Venture Group along with Series A partners USVP, Telos and AsiaTech Management. The fund will be deployed to develop design for software and technologies that detects catastrophic manufacturing failures during design, improves yield, and enables designers to control, manage and optimize factors, such as the impact of systematic variation on chip performance, signal integrity, and leakage power while protecting manufacturing IP.

Clear Shape has not yet launched its product in the market, and the funding is expected to accelerate the process.

It is interesting to note that Clear Shape was not looking for funding; in fact Intel Capital approached the company with the bursary. “We just completed our first round of funding in 2004. It is a strategic investment for us at this point,” says Atul Sharan President and CEO of Clear Shape. “We had been very frugal with our spending after Series A and had exercised great care with our spending,” he adds.

Intel Capital invests in hardware, software and services companies in diverse market segments, which include computing, networking and wireless communications.

KT Venture Group combines the private VC like structure and execution with unique corporate VC benefits. KLA Tencor an S&P 500 company that is traded on the NASDAQ National Market is involved in yield management and process control solutions for semiconductor manufacturing and related industries.

Clear Shape was founded in 2003 in the Silicon Valley with a technical and a management team with expertise in areas of design automation and manufacturing.