News Article
Investment of $8.1 will develop NoC technology and SoC design
Arteris, Inc has announced that it has completed its Series B round of investment, raising $8.1 million to help fund future growth.
Arteris, Inc has announced that it has completed its Series B round of investment, raising $8.1 million to help fund future growth. The round was led by Synopsys, Inc and Arteris' original investors (Crescendo, TVM Capital and Ventech) also participated in the round.Synopsys' investment was driven by the desire of both companies to lower the cost and risk of designing complex system-on-a-chip (SoC) integrated circuits and to foster industry-wide IP reuse capability. "Our investment in Arteris is not just a financial transaction," said Randy Tinsley, vice president of strategy and corporate development, Synopsys. "We see Network-on-Chip technology as a major driver for improving the technical performance and cost of results for complex SoCs.""Arteris' goal is to establish our NoC interconnect technology as a major category of IP and a viable approach to improve architectures of complex SoCs. We are pleased with Synopsys' confidence in our technology and with the continued support of our original investors," said Charlie Janac, president and CEO of Arteris. "With Synopsys' help on methodology and awareness, the broad NoC ecosystem will benefit semiconductor, IP, and EDA companies by helping to provide a flexible platform for IP reuse."Arteris will use the new investment to expand its market development activities and further develop its NoC technology. As part of the investment,