What Company Is Offering:
Achronix builds the world's fastest field programmable gate arrays (FPGAs) capable of up to 1.5 GHz peak performance.Achronix Semiconductor is a privately held fabless corporation based in San Jose, California.
How Much They Got From VCs:
Achronix Semiconductor Corp., provider of the world’s fastest field-programmable gate arrays (FPGAs), announced the first closing of a $52 million Series B preferred stock financing. The first $43 million of the unprecedented $52 million financing was closed on Oct. 10, with the remainder to close in the next several weeks.
How They Will Use Funding:
The proceeds from the financing will be used to fund the development of next-generation products and to support the rapidly accelerating demand for the recently-announced Speedster family of 1.5 GHz FPGAs.
More at:http://www.achronix.com
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