eASIC nails down $48M in funding

Mar. 13, 2008 – eASIC, a company that develops technology for making structured ASICs, say sit has raised $48M in “late stage” financing, led by Advanced Equities, with participation from previous investor s Khosla Ventures, Kleiner Perkins Caufield and Byers (KCPB), Crescendo Ventures and Evergreen Venture Partners, as well eASIC’s own CFO Craig Klosterman.

The company configures structured logic by combining programmable logic such as an FPGA with routing with metal connections like a standard cell. It touts design wins in a variety of applications including portable video devices, cell phones, wireless basestations, routers, gateways, video surveillance, and digital displays. “Our Nextreme product is winning designs in the traditional standard cell ASIC, the Application Specific Standard Product (ASSP) and the FPGA markets,” noted president and CEO Ronnie Vasishta, in a statement.

eASIC launched in mid-2004 with technology consisting of an array of logic cells with SRAM-based look-up tables (LUTs) and flip-flops. The logic cells are interconnected by a segmented wiring grid that has upper metal layers customized with a single via-mask. A combination of bit-stream to program the LUTs and a single custom via-mask are used to implement the customer’s design on the structured eASIC fabric.

eASIC received a $7.5M equity boost in April 2005 from KPCB and its partner Vinod Khosla, as a follow-on to a $5.0 million investment in May 2004.


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