Monday, March 28, 2011

Tabula Secures $108 Million D Round

SANTA CLARA, Calif., March 28, 2011- Tabula, Inc., a privately held fabless semiconductor company and developer of the ABAX family of 3D Programmable Logic Devices (3PLDs), today announced it has secured $108 million in Series D funding. Tabula will use the new capital to accelerate production of their 3PLD ABAX product family, expand customer and partner support infrastructures, and further next-generation product development to extend their market leadership in the rapidly growing programmable logic sector. The financing was led by Crosslink Capital and DAG Ventures. Existing investors, Balderton Capital, Benchmark Capital, Greylock Partners, Integral Capital, and NEA also participated in this round. 


"The programmable logic market is seeing tremendous growth driven by the build out of the telecommunications infrastructure. This infrastructure build is necessary to keep pace with the global demand for more bandwidth to support smartphone usage for accessing data and video online." said Dennis Segers, CEO of Tabula. "This funding represents a resounding validation of our breakthrough Spacetime 3D programmable logic technology and a vote of confidence for the Tabula team in its ability to bring about both technological innovation as well as business innovation to customers. We will continue to build on our customer momentum by increasing volume shipments of our ABAX 3PLD product family. With the disruption our Spacetime architecture is bringing to the market, we will take programmable devices where they have never gone before and intend on becoming a global semiconductor market leader."

Our 3D programmable logic devices – the industry's first – achieve unprecedented price/performance because of our breakthrough architecture, enabling customers across the breadth of electronic products to use high-capability programmable chips in production volumes for the first time. It is gratifying to see our chips and software in customers' hands, and our Spacetime technology is delivering on its promise in the marketplace. Today's enormous infusion of capital provides us with the remaining ingredient to transform the electronics industry," notes Steve Teig, Founder and CTO of Tabula.

"Tabula's Spacetime technology addresses the problems at the heart of the programmable logic market today by delivering unprecedented capabilities at unmatched cost points compared to FPGAs." said Gary Hromadko, Venture Partner of Crosslink Capital. "Tabula represents the largest market opportunity of any private semiconductor company in the industry today. This new infusion of capital will allow Tabula to aggressively execute on their customer adoption and product development plans."

Committed to bringing business and technology innovation to the semiconductor industry, Tabula recently completed the roll-out of its 40nm ABAX family of 3PLDs supported by the Stylus development software. Stylus delivers Spacetime's 3D Architecture breakthrough price/performance advantages to ASIC and FPGA designers, all while maintaining a familiar design flow. The first design software suite in the PLD industry made available in the cloud, Stylus eliminates IT hassle while enabling real-time, on-site-like, technical support.



"Tabula is well positioned to capitalize on the growing migration of ASIC and ASSP towards programmable logic devices." said Dave Strohm, Partner of Greylock Partners. "With a proven world class management team, products that are leading in a high-growth PLD market and shipping to a growing list of Tier 1 customers, this round of funding will help drive their customer expansion and increase their technological lead. We look forward to their continued success."

"Tabula is a visionary company with key factors critical in achieving success; an unbounded $70B market opportunity, a breakthrough technology and a proven management team." said Bruce Dunlevie, General Partner of Benchmark Capital. "We look forward to supporting them in their next stage of growth as we believe they will become a clear and dominant leader in the semiconductor industry with unstoppable force."

Industry veterans in the analyst and editorial community have weighed in on how Tabula's technological and business disruption will impact the semiconductor industry. Please visit www.tabula.com for in-depth commentary.

About Tabula
Tabula is a privately held fabless semiconductor company developing 3D Programmable Logic Devices. Its ABAX family of 3PLDs, based on Tabula's patented Spacetime architecture, and supported by its Stylus development software, sets new density, performance, and affordability benchmarks for programmable logic, memory, and signal processing. Headquartered in Santa Clara, California, Tabula has assembled a leadership team consisting of industry veterans and successful entrepreneurs. The company is backed by top-tier investors with a long-term view toward enduring market leadership.

Wednesday, March 23, 2011

AMIMON Secures $15 Million in Funding

Santa Clara, Calif. – March 23, 2011 – AMIMON, the market leader in wireless HDTV semiconductor solutions announced today that it has raised $15 million in its latest round of funding. This round of funding comes from a blend of new and strategic investors together with existing investors. The funding will accelerate the development of follow-on generations of AMIMON’s WHDI chipset enabling further integration, cost reduction and facilitating the growth in the wireless home video market: products such as wireless HDTV, PC-to-TV, etc. Also, it will enable AMIMON to expand its foothold in the mobile and tablet markets, answering the growing demand for a mobile- and tablet-to-TV connection.

AMIMON is ramping up production to deliver WHDI chipsets to multiple OEMs and CE manufacturers. Numerous companies are developing products (wireless HDTVs, PC-to-TV, tablet-to-TV, HD Wireless Bridges, etc.) based on AMIMON’s WHDI chipsets.

AMIMON’s WHDI technology can be designed in a compact form-factor that easily embeds into mobile devices. Furthermore, WHDI technology has low power consumption that delivers long battery life. Mobile devices, smartphones and tablets embedded with WHDI technology will enable users to wirelessly view all of the device content on their TVs with excellent user experience. Additionally, WHDI has virtually no latency (less than one millisecond); users will be able to experience interactive applications and gaming capabilities of their mobiles devices and tablets on the “big screen.” WHDI enhances the user experience by delivering true real-time interactivity - enabling applications like “flick to scroll” where users can use a tablet to control the action while seamlessly viewing it on the TV with no delay.

“Notebook PCs, handsets and tablets have emerged as primary sources of HD content and consumers are eager to connect these devices to the TV WHDI offers the only viable option for connecting these devices to a TV,” said Dr. Yoav Nissan-Cohen, chairman and CEO of AMIMON. “We will use this round of funding to solidify AMIMON’s WHDI technology as the connection method of choice for all mobile devices and tablets to the TV.”

AMIMON WHDI chipsets are compliant with the WHDI standard. The WHDI standard delivers the highest image quality for in-room and multi-room HD wireless connections, including uncompressed 1080p/60Hz HD video. WHDI utilizes a 40MHz channel in the 5GHz unlicensed band and can be implemented with a single antenna for minimal footprint. WHDI includes support for all 3D formats required by the HDMI™ 1.4a specification and range of over 100 feet (30 meters) through obstacles and walls. WHDI supports HDCP revision 2.0, providing superior security and digital content protection, and full compatibility with HDMI.

About AMIMON

AMIMON is a leading high-definition video semiconductor solutions for universal connectivity among CE video devices. AMIMON is a founding member of the Wireless Home Digital Interface (WHDI) consortium formed by leading CE companies to define a new industry standard for in-room and multi-room wireless HDTV connectivity. AMIMON is headquartered in Herzlia, Israel, with offices in Santa Clara, Calif., USA; Tokyo, Japan; Seoul, Korea; Taipei, Taiwan and Shenzhen, China. More information is available at www.amimon.com and www.whdi.org.

Sequans Communications S.A. files for IPO

4G silicon vendor Sequans Communications S.A. has filed an initial registration for a public offering. The SEC F-1 filing (registration for foreign companies issuing ADRs) reveals:

  • 2010 Revenues of $68.5M producing an operating loss of $0.7M
  • 4.6M devices shipped in 2010
  • 45 customers with HTC accounting for 66% of revenue in 2010 driven by the HTC EVO 4G smartphone
  • Other customers include Huawei, MitraStar Technology (a spin-off of Zyxel), Gemtek, Sagemcom, Teltonika, Accton Wireless Broadband and ZTE
The complete SEC filing with supporting documents may be found here.

Monday, March 21, 2011

NetLogic Microsystems acquires Optichron

SANTA CLARA, Calif.--(BUSINESS WIRE)--NetLogic Microsystems, Inc. (NASDAQ:NETL), a worldwide leader in high-performance intelligent semiconductor solutions for next-generation Internet networks, today announced that it has signed a definitive agreement to acquire Optichron, Inc., a privately-held, fabless semiconductor provider of 3G/4G LTE base station digital front-end (DFE) processors, located in Fremont, Calif. Optichron’s breakthrough DFE technology enables unprecedented performance, signal bandwidth, spectrum maximization and power efficiency for next-generation LTE deployments requiring the highest data rates and lowest power consumption.

The acquisition of Optichron will expand and broaden NetLogic Microsystems’ footprint in 3G/4G LTE base stations by complementing NetLogic Microsystems’ market-leading portfolio of multi-core processors, knowledge-based processors and 10 Gigabit Ethernet PHY solutions. Optichron’s innovative DFE processors have been designed into next-generation base stations by multiple original equipment manufacturers (OEMs), and NetLogic Microsystems expects that the acquisition will accelerate Optichron’s technical leadership and product roadmaps in the advanced 40nm process node and beyond.

The exponential growth in mobile data traffic in the next five years, coupled with global spectrum scarcity, are forcing service providers and operators worldwide to push the limits on capacity and throughput for their limited spectrum. This is in turn driving a need for next-generation base stations that can support dramatically wider bandwidth, significantly more signal channels and more protocols (2G/3G/4G) in each band. Conventional DFE processing solutions typically support narrow bandwidths, a limited number of channels and a single protocol per signal band, and are therefore costly and inefficient for high-throughput base stations.

Optichron’s best-in-class DFE processors are highly differentiated and ideally suited to address these challenging LTE requirements. They deliver unparalleled performance of up to 5X increase in signal bandwidth and up to 9X increase in instantaneous bandwidth over available competing solutions, which dramatically improves 3G/4G LTE data rates. In addition, Optichron’s breakthrough products enable the industry’s highest spectrum efficiency through the simultaneous processing of multiple signal channels per frequency band, as well as the multi-mode co-existence of 4G LTE, 3G and 2G protocols. This unique ability to support multiple signals and multiple protocols in a significantly wider bandwidth spectrum is enabling service providers to upgrade the performance and functionality of existing base stations without the time and costs associated with deploying new base stations or antennas. Moreover, Optichron’s innovative DFE processors greatly improve the cost and power profiles of next-generation base stations by eliminating the need for costly and very power-hungry FPGA devices and conventional DFE solutions that are traditionally used to implement DFE functionality.

These processors from Optichron are the industry’s only intelligent self-adaptive DFE processors today that calibrate in real-time to real-world environments and variations, thereby accelerating and enhancing the manageability of LTE developments for Tier One original equipment manufacturers (OEMs). Optichron also delivers up to 80 percent better transmit power efficiency than available competing solutions, which results in significantly lower power consumption per megabits-per-second (Mbps) to enable OEMs to meet increasingly stringent power profiles in operator networks.

“Our combination with Optichron further solidifies our commitment to, and our increasing R&D investments in, the communications infrastructure market. DFE processors are an increasingly critical element of next-generation 3G/4G LTE common-platform base stations, and the combination of NetLogic Microsystems and Optichron further strengthens our technical leadership in this very exciting market,” said Ron Jankov, president and chief executive officer at NetLogic Microsystems. “We are very excited to welcome the Optichron team to the NetLogic Microsystems family. Optichron’s culture of strong engineering excellence having developed the industry’s most innovative, highly differentiated products creates a natural alignment with our organization.”

“As a clear technology and market leader in DFE processing, Optichron shares strong customer synergies in the 3G/4G mobile infrastructure with NetLogic Microsystems, and the combined company will have one of the most compelling and comprehensive product portfolios for next-generation base stations,” said Roy Batruni, co-founder and Chief Technology Officer of Optichron. “We are very pleased to join forces with NetLogic Microsystems and we believe as part of NetLogic Microsystems, we will be able to accelerate our innovation, technology leadership and product roadmaps.”

In connection with the acquisition, NetLogic Microsystems will pay the Optichron stockholders initial cash consideration of approximately $77 million upon the closing of the transaction. NetLogic Microsystems will assume approximately $22 million of restricted stock units for employees of Optichron who join NetLogic Microsystems following the close of the acquisition. In addition, NetLogic Microsystems will pay the Optichron stockholders an earn-out upon the attainment of performance milestones through 2012 for the acquired business. If the maximum earn-out is achieved, an additional cash consideration of approximately $108.5 million would be payable by March 31, 2013, and, an additional consideration of $12.5 million would be paid in shares of NetLogic Microsystems common stock (valued approximately at closing date value), issued only to several Optichron employees, subject to their continued employment after the acquisition. The acquisition has been approved by both companies’ board of directors, is expected to close in the second quarter of 2011 and remains subject to customary closing conditions.

About NetLogic Microsystems

NetLogic Microsystems, Inc. (NASDAQ:NETL) is a worldwide leader in high-performance intelligent semiconductor solutions that are powering next-generation Internet networks. NetLogic Microsystems’ best-in-class products perform highly differentiated tasks of accelerating complex network traffic to significantly enhance the performance and functionality of advanced 3G/4G mobile wireless infrastructure, data center, enterprise, metro Ethernet, edge and core infrastructure networks. NetLogic Microsystems’ market-leading product portfolio includes high-performance multi-core processors, knowledge-based processors, content processors, network search engines, ultra low-power embedded processors and high-speed 10/40/100 Gigabit Ethernet PHY solutions. These products are designed into high-performance systems such as switches, routers, wireless base stations, security appliances, networked storage appliances, service gateways and connected media devices offered by leading original equipment manufacturers (OEMs). NetLogic Microsystems is headquartered in Santa Clara, California, and has offices and design centers throughout North America, Asia and Europe. For more information about products offered by NetLogic Microsystems, call +1-408-454-3000 or visit the NetLogic Microsystems Web site at http://www.netlogicmicro.com.

About Optichron, Inc.

Optichron, Inc., the leader in digital nonlinear signal processing technology, designs and manufactures high-volume integrated circuits that enable significant improvements in system-level cost and performance for communications applications. Optichron’s proprietary linearization technology is the industry’s most efficient solution for correcting nonlinear distortion, a problem present in all signal processing systems. Signal linearization gives system designers more headroom to implement faster, more efficient systems that cost less to build and operate. Optichron’s investors include U.S. Venture Partners, Battery Ventures, TL Ventures and VentureTech Alliance. For more information and product details please visithttp://www.optichron.com.

Broadcom acquires Provigent for $313M

IRVINE, Calif., March 21, 2011 /PRNewswire/ -- Broadcom Corporation (Nasdaq: BRCM), a global leader in semiconductors for wired and wireless communications, today announced that it has signed a definitive agreement to acquire Provigent, a privately-held leading provider of highly integrated, high performance, mixed signal semiconductors for microwave backhaul systems, with offices in Israel and Santa Clara, Calif. Broadcom provides one of the industry's broadest portfolios of Ethernet networking solutions for service provider infrastructure including the mobile backhaul. With the addition of Provigent's engineering expertise in microwave radio products, the company expands its robust portfolio to more thoroughly address the $5B microwave backhaul equipment business(1).

In order to manage the exponential growth in wireless traffic and transition to 4G, carriers are faced with the challenge of backhauling data from the cell sites to the core network. Microwave backhaul is the most prevalent type of technology used in the multi-billion dollar global mobile backhaul business, representing greater than 50 percent of all solutions(1).

"Provigent is a unique asset with world-class microwave backhaul technology and strong engineering talent developing innovative and highly integrated semiconductor solutions for the microwave segment," said Rajiv Ramaswami, Executive Vice President and General Manager of Broadcom's Infrastructure and Networking Group. "Combining their microwave backhaul solutions with our industry leading network infrastructure and wireless solutions allows us to better serve our customers and expand our addressable market."

"Provigent's System-on-Chip (SoC) solutions are used to solve a crucial problem in the infrastructure of cellular networks, which is the backhaul bottleneck," said Dan Charash, Chief Executive Officer, Provigent. "The many synergies with Broadcom's broad portfolio of wireline and wireless SoC technologies and capabilities will accelerate product development and provide our customers with a compelling offering."

In connection with the acquisition, Broadcom expects to pay approximately $313 million, net of cash assumed, to acquire all of the outstanding shares of capital stock and other equity rights of Provigent. The purchase price will be paid in cash, except that a portion attributable to certain unvested employee stock options will be paid in Broadcomrestricted stock units. A portion of the cash consideration will be placed into escrow pursuant to the terms of the acquisition agreement. Broadcom expects the acquisition of Provigent to be neutral to earnings in 2011. The boards of directors of the two companies have approved the merger. The transaction is expected to close in Broadcom's second quarter, 2011, and remains subject to the satisfaction of regulatory requirements and other customary closing conditions.

About Provigent

Provigent is a leading supplier of SoC solutions for the Broadband Wireless Transmission industry. Provigent's field-proven, mass production SoC solutions offer significant system level enhancements while lowering overall system cost. With an established economy of scale, significant R&D investments and a focused dedication to the Broadband Wireless Transmission industry, Provigent continues to establish itself as a leading SoC provider. More information is available on the Web at www.Provigent.com or via e-mail at info@provigent.com.

(1) Infonetics Mobile Backhaul Equipment Revenue Forecast (4Q10), $5.2B in revenue by 2014

About Broadcom

Broadcom Corporation is a prominent technology innovator and global leader in semiconductors for wired and wireless communications. Broadcom products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. We provide the industry's broadest portfolio of state-of-the-art system-on-a-chip and embedded software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. These solutions support our core mission: Connecting everything®.

Tuesday, March 15, 2011

Cavium Networks acquires Celestial Semiconductor

MOUNTAIN VIEW, Calif., March 9, 2011 – Cavium Networks (NASDAQ: CAVM), a leading provider of semiconductor products that enable intelligent processing for networking, communications, and the digital home, today announced that they have completed their acquisition of China-based privately held Celestial Semiconductor on March 4th, finalizing an agreement that was announced January 31st 2011.

Celestial provides a family of ARM-based high-performance SoCs with HD quality video processing, multi-source video input and multi-format video playback. These SoCs combine transport processing, image processing, multi-standard media playback in 480/720/1080p, noise reduction, de-interlacing, audio processing, video encoding, advanced video post processing and picture enhancement, 2D/3D graphics, advanced security and content protection. A full range of input and output options including S/PDIF, DVI, HDMI, composite and component analog video, Ethernet, digital input, SATA, USB, and audio are also provided as part of a low cost BOM design. This is combined with a feature rich software solution complete with graphical user interface and support for major conditional access standards that are required by content providers and Telcos.

Celestial products have been designed into a range of devices such as set top boxes (STB), IPTV, Interactive TVs, Net multimedia players, and portable media players being deployed by cable and telecom media service providers, Interactive cable operators, multiple system operators (MSO) in China and other emerging geographies.

About Cavium Networks
Cavium Networks is a leading provider of highly integrated semiconductor products that enable intelligent processing in networking, communications and the digital home.. Cavium Networks offers a broad portfolio of integrated, software compatible processors ranging in performance from 10 Mbps to 40 Gbps that enable secure, intelligent functionality in enterprise, data-center, broadband/consumer and access & service provider equipment. Cavium Networks processors are supported by ecosystem partners that provide operating systems, tool support, reference designs and other services. Cavium Networks principal offices are in Mountain View, California with design team locations in California, Massachusetts, India and Taiwan. For more information, please visit: http://www.caviumnetworks.com

Monday, March 7, 2011

Samplify Systems Completes Series B Funding

SANTA CLARA, Calif., March 7, 2011 –Samplify Systems, Inc., a leading provider of technology, semiconductors and sub-systems for medical, industrial, wireless, and scientific markets, has completed its Series B round of funding. The $11.2M of capital enables the company to fund its rapid growth in its existing markets, and offers flexibility to expand into new markets. Participating in the round are Integrated Device Technology, Inc. (NASDAQ: IDTI), Charles River Ventures, Formative Ventures and Schlumberger (NYSE: SLB). The company also announced that Ginger Hildebrand, Software Governance Manager for Schlumberger, will take a board position at Samplify.

Tom Sparkman, CEO of Samplify, remarks, “Samplify has experienced tremendous growth over the last year, driven by the success of new products for its core ultrasound and wireless markets. This funding round fully finances growth in the company’s core markets, and gives us the flexibility to take Samplify’s technology into new markets through our strategic partners.”

Bruce Sachs, General Partner of Charles River Ventures, adds, “With this round of funding, we are pleased to see Samplify secure a path to self-sustain its business model for the company’s technology and solutions. For Samplify to be among the very few technology companies to complete a round in this economic climate is a testament to its compelling technology, solutions, market traction, and the strategic value the company brings to its partners.”

“With this investment, we are looking forward to deeper collaboration with Samplify,” comments Ted Tewksbury, CEO of IDT.

Woodside Capital Partners acted as advisor to Samplify during the fundraising process.

About Samplify Systems:
Samplify is a provider technology, semiconductors, and solutions for the medical imaging, wireless infrastructure, and industrial markets. Headquartered in Santa Clara, CA, Samplify’s signal processing and mixed-signal technology, including its AutoFocus™ beamformer and the SAM1600 family of compressing ADCs, have won multiple industry awards for innovation. Additional information about Samplify’s products can be found at www.samplify.com/ultrasound, and www.samplify.com/wireless.

Intel Acquires Silicon Hive

On February 14th, 2011 Intel at the Mobile World Congress in Barcelona, Intel announced their acqusition of image processor IP vendor Silicon Hive, "......Further building on these silicon capabilities, the company announced the acquisition of Silicon Hive, an Intel Capital portfolio company, which brings better still imaging and multimedia video processor technology, compilers and software tools to its growing Atom processor portfolio. The Silicon Hive capabilities will aid in the delivery of more differentiated Atom-processor based SoCs as multimedia and imaging grow in importance across the mobile smart device segments."

Tuesday, March 1, 2011

Achronix completes $40M series C funding

Achronix Semiconductor Corporation, provider of the world’s fastest field programmable gate arrays (FPGAs), today announced the first closing of a $45M Series C mezzanine financing. Over $40M has been committed to date. Due to significant interest from a number of strategic investors, the additional $5M will be closed in the next 60 days. The proceeds of the financing will be used to accelerate investments in Speedster22i FPGAs and future products. Based on Intel’s 22nm process technology, Achronix’s Speedster22i devices shatter the limitations of current FPGAs by offering cost-effective production of high performance, high density, IP-rich FPGAs.
The mezzanine financing was led by a syndicate of financial and strategic investors and all of Achronix’s existing investors participated in the financing. The Achronix Series C financing is one of the largest for a venture-backed semiconductor company in recent history and occurs on the heels of the agreement with Intel to build Speedster22i FPGAs.

About Achronix Semiconductor
Achronix Semiconductor is a privately held fabless corporation based in Santa Clara, California. Achronix builds the world’s fastest field programmable gate arrays (FPGAs) capable of up to 1.5 GHz peak performance. In addition, Achronix is the only FPGA provider building affordable high performance, high density, IP-rich FPGAs using Intel’s 22nm process technology. Achronix has sales offices and representatives in the United States, Europe, China, Japan, and Korea, and has research and design offices in Ithaca, N.Y., and Bangalore, India. Find out more at http://www.achronix.com.