EDA startup Solido closes on $9M in total venture funding

By Colleen Taylor, Contributing Editor -- Electronic News, 8/28/2007

Saskatoon, Canada-based EDA startup Solido Design Automation Inc. reported Monday that it has landed second round financing of $6.5 million, bringing the company's total funding to $9 million.

Solido said that the funding be used to help accelerate the development and deployment of the company's transistor-level statistical design and verification software technology, which aims to ensure robust analog/mixed-signal, custom digital, and memory IC designs. The company is focused on transistor-level statistical design and verification tools for analog/mixed-signal, custom digital and memory integrated circuit designers. Solido was founded in June 2006 by the same entrepreneurs who created Analog Design Automation, which was acquired by Synopsys in 2004.

Canadian venture capital corporation Golden Opportunities Fund led a syndicate of investors including BDC Venture Capital, Victoria Park Capital, and private investors. 

As part of the funding round, Ulrich Felbermayr, a senior investment manager with Golden Opportunities Fund, has been appointed to Solido's board of directors.