Oasys Design Systems, a US-based electronic design automation (EDA) company, announced in July that it had raised an undisclosed amount of new funds from previous backers Intel Capital, the corporate investment arm of US microprocessor maker Intel, and Xilinx, a US semiconductor company which provides programmable devices. Angel investor Joe Costello, former chief executive officer of EDA vendor Cadence Design Systems, also participated.
The funds will be used to expand the company’s sales, marketing and product development activities.
Previously, in April 2012, Oasys closed its series B funding round with undisclosed amounts of investment from Intel Capital and Xilinx. A filing with the Securities and Exchange Commission said the company had raised $3m of a planned $5.2m total. The company raised $910,000 of a planned $1.3m round in 2011, $3.5m in 2009, and $1m in 2005.
Oasys was founded in 2004. Its first product for semiconductor vendors, RealTime Designer, was launched in 2009.