Monday, March 8, 2010

Tilera Closes C-Round Financing With $25 Million

SAN JOSE, Calif., March 08, 2010 - Tilera® Corporation, developer of breakthrough high-performance TILE™ family of multicore processors, today announced that is has closed out a $25 million series-C round of investment financing. The round was oversubscribed and included funds from three new strategic investors: Broadcom, Quanta Computer and NTT Financing Corp.

“We have grown revenues, design wins, and market momentum in one of the toughest years the industry has seen,” said Omid Tahernia, CEO of Tilera. “The closure of this investment round is another sign of Tilera’s growing success. We welcome our new strategic partners to the table and are looking forward to our future development plans.”

Tilera intends to use this final round of funding primarily to broaden its product portfolio and for the expansion of sales activities. This brings the total venture capital investment in Tilera to $64 million.

Tilera has two product families, the TILE and TILEPro™, currently shipping to customers in networking, wireless infrastructure, communications and cloud computing markets. In October 2009 Tilera announced its TILE-Gx™ family, which includes the world’s first 100-core processor. This line will begin sampling later this year.

About Tilera

Tilera® Corporation is the industry leader in highly scalable general purpose multicore processors for networking, wireless, and multimedia infrastructure applications. Tilera's processors are based on its breakthrough iMesh™ architecture that scales to hundreds of RISC-based cores on a single chip. The distributed nature, of Tilera's revolutionary architecture, and the standards-based tools, including ANSI C/C++ compiler, GNU tools and Eclipse IDE, deliver an unprecedented combination of performance, power efficiency and programming flexibility. Tilera was founded in October 2004, and now provides two product families: TILE64™ processors and TILEPro™ processors, with its latest TILE-Gx family due out in late 2010. The company is headquartered in San Jose, Calif., with locations in Westborough, Mass., Yokohama, Japan, Shanghai, China and Beijing.

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