|
| |
| SiliconBlue Completes $15M Series C Preferred Stock Financing |
| |
| Financing to Support the Manufacturing Ramp of mobileFPGA Devices That Are Fueling Innovation and Growth for Mobile Handset Applications |
| |
| SANTA CLARA, Calif.--(BUSINESS WIRE)--SiliconBlue® Technologies, the leader in ultra-low power,
single-chip, SRAM mobileFPGA™ devices, today announced the closing of a
$15M Series C preferred stock financing. The proceeds from the financing
will be used to support the continued proliferation of SiliconBlue’s
mobileFPGA™ products by strengthening customer support
infrastructure, operations supporting the company’s strong manufacturing
ramp, sales channel, and developing next-generation products. Apex
Venture Partners, a Chicago-based venture firm, led the financing, with
the existing group of investors including NEA, Crosslink Capital, and
BlueRun Ventures all participating. |
|
| “The mobile consumer product market today parallels the market situation
that originally spawned the programmable logic industry,” said Armando
Pauker of Apex Venture Partners. “The tremendous rate of innovation in
these products cannot be supported by traditional semiconductor
solutions. SiliconBlue’s mobileFPGA products present a great opportunity
for mobile consumer product manufacturers, as well as investors.” Mr.
Pauker is a General Partner at Apex Venture Partners, and has been
elected to SiliconBlue’s Board of Directors. |
“We appreciate the continued support of our investors, and we welcome Armando and Apex to our company.” |
|
| |
| SiliconBlue’s Series C funding comes as the company continues to achieve
unprecedented milestones as a new FPGA company. All four of the
company’s iCE65™ product lines are in production. The company
has achieved well over 150 design wins in volume mobile applications
such as Smart Phones, eReaders, and digital still cameras. “As a team,
we are proud of the progress we have made towards our vision of enabling
innovation in the mobile handset market. Customers are using our
mobileFPGA devices to compliment mobile application processors and
chipsets, taking innovation to a whole new level,” said Kapil Shankar,
CEO of SiliconBlue. “We appreciate the continued support of our
investors, and we welcome Armando and Apex to our company.” |
| |
About SiliconBlue
SiliconBlue Technologies is the first programmable logic start-up
company in 20 years to ship products in volume production. The company
offers a new class of ultra-low power, single-chip, SRAM FPGAs designed
specifically for handheld consumer applications. Manufactured on TSMC’s
65nm LP (low power) CMOS process, the iCE65 mobileFPGA family meets the
capacity, power, area, and price requirements for high-volume,
battery-operated products such as Smart Phones, eReaders, mobile
internet devices, and digital still cameras. Headquartered in Santa
Clara, California, the company has a highly skilled team of programmable
logic device (PLD) experts who have been instrumental in developing and
patenting many of the leading programmable logic technologies in the
market today. For more information, please visit our website at http://www.siliconbluetech.com. |
| |
About Apex Venture Partners
Apex Venture Partners is a Chicago-based venture firm focused on
investments in companies with high potential for value creation in a
variety of sectors including technology, software, IT infrastructure and
telecommunications. Established in 1987, the firm has more than $500
million under management, and has invested in over 100 technology
companies throughout the United States. Further information is available
at http://www.apexvc.com. |
| |
| SiliconBlue is a registered trademark and mobileFPGA, iCE65, iCEman
and iCEcube2 are trademarks of SiliconBlue Technologies Corporation. All
other trademarks and registered trademarks are the property of their
respective owners.
|
| |
|
|
|
For more information: |
SiliconBlue Technologies
Jack Ogawa, +1 408-727-6101 x806
Vice President, Marketing
jogawa@siliconbluetech.com |
|
|
| |
