EDA startup snares $4.5 million in funding from Intel, others

EDA startup snares $4.5 million in funding from Intel, others:

"SAN FRANCISCO — EDA startup ArchPro Design Automation has raised $4.5 million in Series B funding from Intel Capital, Entrepia Ventures and Sage Technology Ventures LLC, the company said Tuesday (May 23).

Total venture capital investment in ArchPro to date is now $5.5 million, the company said.
ArchPro (San Jose, Calif.) develops EDA products for solving power management design challenges at the 90-nanometer node and below.

According to ArchPro Chairman and CEO Pratap Reddy, who joined the company earlier this month, the company is moving from product development to wide scale customer deployment of its tools for multi-voltage simulation, rule checking, and synthesis.

'This funding allows us to aggressively expand our sales and marketing efforts while continuing the development of breakthrough products for low-power design,' Reddy said.

Within the past six months ArchPro has launched its first three products and expanded its R&D operations in San Jose, Calif. and Bangalore, India, the company said.

'The move to finer design geometries will cause designers to address multi-voltage situations up front due to the need to incrementally save power across a large number of transistors,' said Shishpal Rawat, director of EDA investments for Intel Capital. 'ArchPro's integrated design solutions help engineers design and verify multi-voltage architecture in a well-defined, top-down flow.' "