What Company Is Offering:
Intrinsity, Inc. is a design technology company that provides the designs, tools, technologies, and expertise so its customers can efficiently and predictably produce high performance, low-power and cost-effective products. Intrinsity’s proprietary Fast14 technology is used to create FastCore embedded cores, which provide not only circuit speeds of up to and beyond 3 GHz, but also the means to trade-off speed, power and area to achieve the optimal solution to customer design targets while maintaining compatibility with popular embedded core families. Fast14 technology includes a combination of process specific libraries, a specification language and a set of tools that help automate the design flow.
How Much They Got From VCs:
Altitude Capital Partners, LP and Goldman Sachs & Co. have invested $11 million in Intrinsity, Inc., an Austin, Texas based design IP technology company focusing on high-speed, low power embedded processor cores. The investment was in the form of senior secured notes with warrants and in Class E Preferred Stock of Intrinsity.
“We are delighted to be partnering with Intrinsity to provide growth capital to execute management’s strategic vision,” said Altitude Capital Partners Managing Partner Robert Kramer.
About VCs:
Altitude Capital Partners is an opportunistic $250 million investment fund which invests in intellectual property (IP) assets and IP centric companies. The Altitude mandate is broad based, covering patents, trademarks, brands, copyrights, and royalty streams. Altitude partners with individual inventors, commercial entities with residual patent assets, patent licensing companies, as investments are structured as debt, preferred stock, common stock and or contractual rights emphasizing alignment with our portfolio company partners. www.altitudecp.com
More at:http://www.intrinsity.com
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