US-based chipmaker Intel’s corporate venturing unit and Xilinx, a provider of programmable platforms today backed Oasys Design Systems, a US-based chip design software company.
The size of the series B round was undisclosed, but a filing with the Securities and Exchange Commission today, said the company had raised $3m of a planned $5.2m round.
Oasys said funding would be used as working capital to expand Oasys’ research and development team, as well as for expansion of its support structure.
The latest round could take the company to as much as an estimated $11m raised in its history.
The company raised $910,000 of a $1.3m round last year, according to another filing.
It also raised about $3.5m in 2009, according to one filing, as well as about $1m in 2005, according to another filing.
Keith Larson , vice president of Intel Capital, said:"There are several different types of investments that Intel Capital makes in looking at deals around the core semiconductor sector. Some investments are made to accelerate technologies that keep Intel’s technology at least a generation ahead, other investments are in key suppliers to maintain industry competitiveness or health of a company, still others are made to advance promising new technologies several years ahead of when they may come to market."
Larson added: "We are deliberate about mutually setting expectations with the companies in which we invest. In some cases such as a promising new technology, it may be still unclear whether Intel will use that technology in our products (because it is still in a research or development phase). In other deals that are more immediately closer to our manufacturing or electronic design, as part of the investment we closely collaborate with the companies to ensure that the companies’ products, technologies, and ability to deliver work seamlessly with our roadmaps and processes."
Paul van Besouw, Oasys’ president and chief executive officer, said: "We are excited to have the venture capital arm of the number one semiconductor company and the number one programmable platforms vendor as investors in Oasys."
Salil Raje, vice president of Software and IP Product Development at Xilinx, said: "Xilinx has licensed Oasys technology and achieved excellent results across a wide range of designs. We have a long-standing and productive working relationship with the Oasys team and we are pleased to extend our support through this investment."
Shishpal Rawat, director of business enabling programs at Intel’s Design Technology Solutions Group, said: "Oasys’ technology has the potential to positively impact the design flow for VLSI chip implementation. This is a new way of thinking for next-generation chip design implementation. We are pleased to invest in Oasys."