0-In Raises $7M to Accelerate Product Deployment; Company Sees Strong Demand for its Verification Solutions.Business Editors, High-Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--July 31, 2000 0-In Design Automation, Inc. today announced that it has closed a $7M round of equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. that will enable the company to more rapidly deploy its innovative white-box functional verification Functional verification, in electronic design automation, is the task of verifying that the logic design conforms to specification. In everyday terms, functional verification attempts to answer the question "Does this proposed design do what is intended?" This is a complex task, products. Brinson Partners, Inc. led the financing; earlier 0-In investors Sigma Partners Sigma Partners is a major venture capital firm based in Silicon Valley and Boston. Sigma Partners invests in early-stage information technology companies (semiconductor, software and hardware). The firm was founded in 1984 by J. Burgess Jamieson and C. Bradford Jeffries. , Caanan Partners, Sprout Group, CMEA CMEA Council for Mutual Economic Assistance CMEA Cellular Message Encryption Algorithm CMEA Canadian Music Educators' Association CMEA Council for Mutual Economic Aid CMEA Certified Machinery Equipment Appraiser CMEA Colorado Music Education Association Ventures and Skywood Ventures also participated. Better Functional Verification is Key for Growth of EDA (1) (Electronic Design Automation) Using the computer to design, lay out, verify and simulate the performance of electronic circuits on a chip or printed circuit board. Industry "The electronics design automation market is ripe for a furious retooling cycle targeted for designing 0.18-micron and 0.13-micron system-on-chips," noted Erach Desai, industry analyst for Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. . "Not surprisingly, most of the revolutionary technology break-throughs are emerging from the focused startups. Logic verification will continue to be an escalating problem in the SoC design arena. Revolutionary solutions, such as 0-In's white-box verification technologies, offer tremendous productivity and time-to-working-product advantages." "This strong level of funding is testament to the importance of the need for improved functional verification for today's complex chip designs," observed Ron Collett, EDA industry analyst and President of Collett International. Investment Reflects Strong Demand for New 0-In Products The EDA market has responded very positively to the production release of 0-In's initial products, 0-In Check and 0-In Search, earlier this year. "The more that we learned about 0-In's team, products, technology and market, the more certain we were that we wanted to share in its success. The list of companies evaluating or using 0-In's white-box product suite reads like a `Who's Who' of the semiconductor and electronic-systems businesses," said Tom Dolson of Brinson Partners. Mr. Dolson, who has now joined 0-In's Board of Directors, added, "I am looking forward to working with this highly experienced team as it moves white-box methodology out into the market. Eventually, we expect use of this type of functional verification tool to be required for RTL (Register Transfer Level) A high-level hardware description language (HDL) for defining digital circuits. The circuits are described as a collection of registers, Boolean equations, control logic such as "if-then-else" statements as well as complex event sequences; sign-off for most mainstream chip designs." Capital to be Used for Product Deployment The new capital will be used to accelerate the deployment of 0-In Check and 0-In Search as well as other white-box functional verification products now under development. 0-In is rapidly expanding its applications and sales teams in response to strong demand from current and prospective customers. 0-In now has applications and support centers in San Jose, Ottawa, Austin and greater Boston. Additional regional sales and applications offices will open throughout the current year. About 0-In 0-In Design Automation, Inc. (pronounced "zero-in") is a privately held electronic design automation (EDA) company that develops tools that zero-in on functional bugs in ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. and IC designs. 0-In was founded in 1996 and is based in San Jose, CA, with a sales office in Boxborough, MA and distribution in Japan through Pacific Design Inc. More information on 0-In is available at http://www.0-in.com 0-In(TM) and CheckerWare(TM) are trademarks of 0-In Design Automation, Inc. |
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