Networking chip firm Arteris raises $7.5 million
Arteris has raised $7.5 million in a third round of financing to fund its networking chip technology.
DoCoMo capital came aboard as a new investor, joining existing investors Crescendo Ventures, TVM Capital, Ventech and Synopsis Inc. in the round, according to VentureWire.
Current customers include STMicroelectronics NV and Texas Instruments Inc. The San Jose, Calif., and Paris, France-based company designs a chip interconnect technology that it licenses to chip design and chip making companies. It allows them to connect sections of a chip without the use of traditional buses, which take up a lot of space and are therefore costly to put on a chip.
The company’s technology is useful for companies designing “systems on a chip,” or those with multiple functions that have to be interconnected. Rivals include Sonics and Silistix.
To date, Arteris has raised $27.6 million in venture capital since 2003.
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About the Author, Dean Takahashi
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. Dean previously worked at the San Jose Mercury News, the Wall Street Journal, the Red Herring, the Los Angeles Times, the Orange County Register and the Dallas Times Herald. He is the author of two books, Opening the Xbox and the Xbox 360 Uncloaked. Follow him on Twitter at @deantak, and follow VentureBeat on Twitter at @venturebeat.