Tilera, a US-based developer of the Tile family of computer processors, has raised $45m in its series D round from a consortium including two new corporate venturing units as its backers.
Computer equipment maker Cisco Systems and Samsung Venture Investment Company, the corporate venturing unit of South Korea-based electronics conglomerate Samsung, were the strategic investors. They joined Tilera’s previous strategic investors: Broadcom, NTT Finance, VentureTech Alliance and Quanta Computer.
Artis Capital Management led the round, which included investment from WestSummit Capital Management and Comerica Bank as well as money from venture capital firms Walden International, Bessemer Venture Partners and Columbia Capital.
Tilera raised $25m in its series C round in March to takes its total to $64m since it started in 2004.
Tilera said as it had customers in production, the company was operating near breakeven and expected to reach profitability later this year.
Omid Tahernia, chief executive of Tilera, said: "Having strategic investors like Cisco and Samsung is a testament to our strong penetration in these markets."
Dong-Su Kim, director at Samsung Venture Investment, said: "Samsung Venture sees a huge opportunity for Tilera processors in network security, cloud, wireless and multimedia applications.
"The scalability of the Tile Architecture is a strong differentiator and provides the marketplace with a welcome alternative for high-performance, low-power computing."