Tensilica Closes Third Funding Round
Santa Clara, Calif., July
26, 1999 .Tensilica Inc., a leader
in the emerging market for application-specific
processor technology, disclosed today that the
firm had closed its third round of funding, raising
$20 million from a combination of high technology
manufacturing companies, venture capital firms
and private investors. The new funding raises
the company's capitalization since founding to
$33 million.
Leading the financing was second round investor,
Foundation Capital of Menlo Park. Additional third
round investors, presented in alphabetical order,
are Altera Corporation (NASDAQ: ALTR) of San Jose,
Calif., Cisco Systems, Inc. (NASDAQ:CSCO) of San
Jose, Calif., Comdisco Ventures (NYSE: CDO) of
Menlo Park, Calif., Matsushita Electric Industrial
Company Ltd. (NYSE: MC) of Japan, Oak Investment
Partners of Palo Alto, Calif., and Worldview Technology
Partners of Palo Alto, Calif.
Chris Rowen, Tensilica's president and CEO said "As
we pass this milestone, we are particularly encouraged
by the investments from world class, high technology
companies like Cisco, Matsushita and Altera, and,
of course, the renewed votes of confidence received
from Foundation, Oak and Worldview."
Tensilica was founded in July 1997 to address
the fast growing market for application-specific
microprocessor cores and software development tools
in high volume, embedded systems. Using the company's
proprietary XtensaTM Processor Generator, system-on-a-chip
(SOC) designers can develop a processor subsystem
hardware design and a complete software development
tool environment tailored to their specific requirements
in hours. Tensilica's solutions provide a proven,
easy-to-use, methodology that enables designers
to achieve optimum application performance in minimum
design time. The Company is engaged in research,
development, and customer support from its offices
in Santa Clara, California, Waltham, Massachusetts,
and Yokohama, Japan.
Tensilica is headquartered in Santa Clara, California
(95054) at 3255-6 Scott Boulevard, and can be reached
at (408) 986-8000 or via the World Wide Web at http://www.tensilica.com
"Tensilica" and "Xtensa" are
trademarks belonging to Tensilica Inc.
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