Blaze backed for DFM market
Blaze DFM has announced that it has closed its Series B round of funding for $10 million. Blaze also disclosed the completion of the previously announced merger with Aprio Technologies. The combined company will continue on as Blaze DFM, Inc. New to the ranks of Blaze investors are El Dorado Ventures and Mobius Venture Capital, both of whom are previous investors in Aprio and are adding fresh capital to Blaze's Series B round. Lightspeed Venture Partners, who led Blaze's Series A funding, also participated in this latest round.
"We strongly believe in the DFM market, and we have chosen Blaze to lead the way," said Tom Peterson, general partner at El Dorado, who will join Blaze's board of directors. "Aprio's technology is synergistic with Blaze's electrical DFM vision and the combination presents a very compelling investment opportunity."
"The magnitude of this round of funding is a testament to Blaze's strategic vision," said Jacob Jacobsson, president and CEO at Blaze. "We achieved our first customer tapeout just a little over a year after the company was founded. Our first production customer followed just a few months later. In only our second full year of operation, we booked multiple millions of dollars in customer orders from companies such as STMicroelectronics and Qualcomm."
