Tensilica Closes Funding Round
Santa Clara, Calif., April 6, 2001 …Tensilica,
Inc., the world's leading provider of configurable
processor technology, announced today that the
firm had completed its latest round of funding,
raising $31 million from a combination of new strategic
partners and returning investors. This round
raises the company's capitalization since formation
to $64 million.
Participating in this financing round were new
strategic partners NEC Corporation (NASDAQ: NIPNY)
of Japan, and Conexant Systems Inc. (NASDAQ: CNXT)
of Newport Beach, Calif., along with Foundation
Capital of Menlo Park, Calif., Oak Investment Partners
of Palo Alto, Calif., and Worldview Technology
Partners of Palo Alto, Calif.
Tensilica was founded in July 1997 to address
the fast growing market for configurable processors
and software development tools for high volume,
embedded systems. Using the company's proprietary
Xtensa™ Processor Generator, system-on-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; Burlington, Massachusetts;
Princeton, N.J.; Houston, Tex.; Oxford, U.K.; Stockholm,
Sweden; Taipei, Taiwan, R.O.C.; 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
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Editors' Notes:
"Tensilica" is a registered
trademark and "Xtensa" is a trademark belonging
to Tensilica Inc.
Contacts at the investing firms
are, in alphabetical order by organization:
Conexant
Systems |
Oleg Khaykin |
949-483-5009 |
Foundation
Capital |
Bill Elmore |
650-614-0500 |
NEC Corporation |
Ms.Akiko
Shikimori |
+81-3-3798-6511 |
Oak Investment
Partners |
Bandel Carano |
650-614-3700 |
Worldview
Technology Partners |
James Wei |
650-322-3800 |
Alphabetical listing of
Tensilica's principal investors: Altera Corporation,
Cisco Systems, Comdisco Ventures, Conexant Systems,
Foundation Capital, Matsushita Electric Industrial
Co. Ltd., NEC Corporation, Oak Investment Partners
and Worldview Technology Partners.
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