September 12, 2007 Nascentric, Inc. an Electronic Design Automation (EDA) company focused on providing innovative Fast-SPICE simulation and analysis tools, announced today that it has closed a $7.2 million Series C financing, including new investor Intel Capital. Existing investors Austin Ventures, Silverton Partners, Needham Capital and EDA veteran Jim Solomon also participated.
Â“Nascentric has developed a novel technology to meet the growing challenges of sub-65 nanometer process node design verification,Â” said Sean Doyle, director at Intel Capital. Â“We believe Nascentric will continue to make noteworthy contributions to next generation design verification methodology.Â”
As feature sizes in integrated circuits (ICs) continue to shrink, parasitic capacitances and leakage currents have come to dominate the design and verification process. The Nascentric solution, AuSIMÂ™ MT, 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.
Â“This funding round will enable us to expand our product capabilities as well as expand our worldwide sales and support capability,Â” said Rahm Shastry, president and CEO of Nascentric. Â“We are encouraged that Intel Capital chose to invest in us after an evaluation of our technology and team.Â”
Nascentric is a privately held company that develops and markets a patented, next-generation Fast-SPICE simulator for analysis and functional verification of complex nanometer designs. Nascentric products allow designers to quickly simulate, analyze and verify larger and more complex circuits, improve design quality, and facilitate higher yields. The Nascentric management team brings decades of combined electrical engineering and electronic design automation experience to bear on the challenge of delivering full-chip simulation and analysis focused on eliminating silicon re-spins due to nanometer effects. For more information call 1-512-225-8800, or visit us on the web at www.nascentric.com.
About Intel Capital
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software and services targeting enterprise, home, mobility, health, consumer Internet and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$6 billion in approximately 1,000 companies in more than 40 countries. In that timeframe, about 157 portfolio companies have gone public on various exchanges around the world and another 187 have been acquired by other companies. In 2006, Intel Capital invested about US$1.07 billion in 163 deals with approximately 60 percent of funds (excluding Clearwire) invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.