Analog Design Automation Raises $8M in Series B Financing; Funds Will Support Increased Sales and Marketing Activities and Ongoing Research and Development in Optimization Products.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. & OTTAWA--(BUSINESS WIRE)--Jan. 13, 2003 Analog Design Automation, Inc. (ADA Ada, city, United States Ada (ā`ə), city (1990 pop. 15,820), seat of Pontotoc co., S central Okla.; inc. 1904. It is a large cattle market and the center of a rich oil and ranch area. ) today announced that it has successfully closed $8 million in Series B financing, bringing the total funds raised to $17 million. The funds will be used to support and expand ADA's marketing and sales activities and to continue research and development for its Genius optimization and performance tradeoff exploration products. "The analog portion of integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for design will always be with us," said Matthew Raggett, ADA's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Our analog automation technology helps design teams increase analog design productivity to keep pace with digital design productivity. We are committed to continuing our product innovation and leadership in the development of industry-leading analog automation products." While currently only 20 per cent of a chip's area for most ICs is analog, 50 per cent of re-spins are attributable to the analog portion of the design. With 70 per cent of system-on-a-chip designs expected to be analog or mixed-signal within the next five years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time impact of the analog portion of the design will continue to increase unless there are improved tools in the design process. The Business Development Bank of Canada The Business Development Bank of Canada is a crown corporation financial institution wholly owned by the Government of Canada. BDC plays a leadership role in delivering financial and consulting services to Canadian small business, with a particular focus on technology and exporting. led this latest round of investment. Previous investors, including Royal Bank Capital Partners, Synopsys, High Street Partners, and Intel Capital, also joined to participate in the financing round. In October 2001, ADA closed its Series A financing, raising $8 million for research and development. "Optimization tools like the ADA Genius tool set offer significant value to the analog design process," said Tom Lombardi, general manager of Intel's Colorado Springs Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. Design Center. "Both design time and circuit robustness are improved using these kinds of tools." On April 1, 2002, ADA announced its Genius product line, a suite of software products for designers of analog, mixed-signal, and custom integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. that offers a new approach to solving the complex, time-consuming problems of analog and mixed-signal circuit design. All dollar amounts shown are Canadian. About Analog Design Automation, Inc. (www.analogsynthesis.com) Analog Design Automation, Inc. (ADA) is the leading provider of high-capacity optimization tools for the analog, mixed-signal, and custom integrated circuit (IC) markets. Using ADA's patent-pending, intelligent systems-based high-capacity optimization engine, the Genius line of products improves circuit performance, reduces development costs, increases designer efficiency, and reduces the number of silicon re-spins for system-on-chip (SoC) and custom IC design. ADA's products include Creative Genius(TM), which automates device sizing and biasing to effectively optimize circuit performance; and IP Explorer(TM), a performance tradeoff exploration tool used to analyze optimized circuits from Creative Genius and to select optimal IP. ADA is located in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , and Ottawa, Canada. Creative Genius and IP Explorer Genius are trademarks of Analog Design Automation, Inc. All other company or product names are the registered trademarks or trademarks of their respective owners. |
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