SiliconBlue raises $18 Million in Series D Funding
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SiliconBlue raises $18 Million in Series D Funding
Santa Clara: California-based SiliconBlue Technologies has raised $18 million in series D round of funding led by Atlantic Bridge Ventures, reports Wall Street Journal. SiliconBlue provides programmable logic solutions for consumer, battery-based mobile applications such as smartphones, eBooks/ePaper, netbooks, digital picture frames, mobile internet devices, portable media players, hand-held POS systems, medical instruments and flash camcorders. Founded in 2006 by Kapil Shankar, the company is headquartered in Santa Clara and currently employees more than 70 people worldwide. They have more than 40 patents in their portfolio with key partnership with TSMC, ASE and Synopsys. The investors in the company are BlueRun Ventures, Crosslink Capital, NEA, Apex Venture Partners and TSMC. Unlike traditional logic chips, SiliconBlue's devices can be programmed after they have been manufactured, which means that cellphone designers can get their new products out faster as they do not have to wait for a custom chip to be built. The company's iCE65 mobile devices enable designers of these mobile products to implement differentiating product features quickly and easily. Kapil Shankar, Founder and CEO, SiliconBlue, has over 20 years of experience in semiconductors and programmable logic. He spreadheaded low cost consumer FPGA Spartan products at Xilinx and created ISP, in-system programmable CPLDS at Lattice. He also worked at AMD's programmable logic division. Kapil has 16 patents in programmable logic, has a MSEE and MSCS from Rensselaer Polytechnic Institute, New York, and has done his BSEE from Delhi University. The firm had raised $15,000,000 in series C round of funding in 2010 and $24,000,000 in series B round of funding in 2008.

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