Athena Design Completes Series B Funding, Two New Investors Join EDA Start-up.Physical IC Design Innovator Secures $4M in Second Round of Financing, Adds PhillipCapital and NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform FINANCE to Global Investment Team SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. -- Athena Design Systems, Inc., a new electronic design automation (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. ) start-up focused on critical implementation issues In the Business world, companies frequently set-up a connection between which they transfer data. When the connection is being set-up, it is referred to as implementation. When issues occur during this phase, they are known as implementation issues. in physical integrated chip (IC) design, today announced that it has secured an additional $4 million in investment capital. The Series B opportunity attracted two new investors, PhillipCapital and NTT FINANCE CORPORATION, and also included additional funding from the Company's initial investors -- the Woodside Fund, Asset Management Company and Draper Richards. The success of the Series B round brings total funding to $8.2 million since Athena Design was founded in 2004. The added capital will be used for the worldwide rollout of its first products. At the Design Automation Conference in July 2006, the Company demonstrated next-generation, patent-pending optimization technology that addresses the costly, acutely painful process of achieving design closure for large, complex chips. "We are very pleased by the confidence our original backers have shown in Athena Design by increasing their investment. They have proven to be excellent partners for us and very influential as we shape our strategies," said John Murphy A number of people have been named John Murphy
Athena Design expects to change the way designs are implemented with the IC industry's first "meta routing optimization system" that accelerates the path to timing-driven design closure with higher quality of results and lower development costs. The Company's concurrent analysis and optimization approach provides a central point of control to rapidly explore design feasibility, optimize physical layout, and evaluate changes across multiple scenarios. The system utilizes a proprietary distributed multi-processing platform that is architected to execute EDA applications at extreme speeds. "Athena Design is entering an important stage in its growth and evolution, as the company puts into hands of customers the truly innovative product that they have developed over the past two and one half years," said Jim Hogan hogan Dwelling of the Navajo Indians of Arizona and New Mexico. The hogan is roughly circular and constructed usually of logs, which are stepped in gradually to create a domed roof. , Board of Directors for Athena Design. "It is critical that we have the operating capacity across all aspects of R&D, sales and support to ensure the successful technology transfer and global deployment of our first products." New Investors PhillipCapital is a group of companies which offers a full range of quality and innovative financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to retail, corporate and institutional customers. Phillip Capital is an integrated financial services provider with approximately 3000 staff in Asia and Europe and total shareholders' funds in excess of US$300 million. In Japan, member companies include PhillipCapital Japan, PhillipCapital Real Estate Japan, Phillip Financials, Naruse Securities and Phillip Futures. For more information, please visit www.phillip.co.jp. NTT FINANCE CORPORATION was established in 1985 as the first affiliate of NTT, which is the largest telecommunications company See telecom company. in Japan. NTT FINANCE offers various business services; leasing and installment, credit card and finance. In addition, their Strategic Technology Investment Department seeks out venture companies domestically and internationally with excellent technologies and provides them with financial and business development. For further information, visit: www.ntt-finance.co.jp/eng. About Athena Design Headquartered in Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. , Athena Design Systems, Inc. develops and markets design optimization See automatic design optimization. tools that address the physical implementation challenges of complex nanometer chip design. The company's products accelerate the productivity of engineers, design tools and computing resources enabling chip companies to reach design closure faster with higher quality of results and lower development costs. For more information about Athena Design, visit www.athenadesign.com. |
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