LegUp Computing, a Canada-based developer of gate array accelerator technology, has been acquired by chip microcontroller supplier Microchip Technology for an undisclosed sum, allowing chipmaker Intel to exit.
Founded in 2015, LegUp has created a cloud-based tool that automatically compiles software code for applications that operate flexible computing circuits known as field-programmable gate arrays (FPGAs).
The company’s techology will now be offered to software engineers building on Microchip’s FPGA and system-on-a-chip (SoC) development frameworks, in an attempt to ease the learning curve.
The product is already being distributed to Microchip’s early-access customers, with a wider roll-out anticipated in the first half of next year.
LegUp closed a seed round of undisclosed size in early 2018 that was led by Intel’s corporate venturing unit, Intel Capital.
The company had already received funding at an undisclosed date through UTest, an accelerator partnership between University of Toronto and multi-institution commercialisation firm Toronto Innovation Acceleration Partners.
The original version of this article appeared on our sister site, Global University Venturing.