Intel leads funding round for EDA startup Nascentric

By Ann Steffora Mutschler, Senior Editor -- Electronic News, 9/13/2007

Semiconductor design tool startup Nascentric Inc. announced Wednesday that it has closed a $7.2 million Series C financing which was led by new investor Intel Capital, the chip giant’s global investment organization, and included previous investors Austin Ventures, Silverton Partners, Needham Capital and EDA veteran Jim Solomon.

Sean Doyle, director at Intel Capital noted that Nascentric has developed a novel technology to meet the growing challenges of sub-65 nanometer process node design verification and Intel believes Nascentric will continue to make noteworthy contributions to next generation design verification methodology.

Nascentric is focused on addressing the dominance of parasitic capacitances and leakage currents in the design and verification process due to the continual shrink of IC feature sizes. The company said its AuSIM MT tool is based on several technology innovations including current-based SPICE simulation models and multi-threaded simulation capabilities to deliver unmatched speed, capacity and accuracy for design verification.

This funding will be used to expand the company’s product capabilities as well as its worldwide sales and support capability.