DesignAdvance hits funding milestone.PITTSBURGH -- DesignAdvance Systems Inc. reported it has completed a $3 million second round of funding and graduated from The Technology Collaborative's Jumpstart program. "We have a field proven solution for PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. design and are now focused on building our company and growing our 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. and MCAD MCAD Microsoft Certified Application Developer MCAD Mechanical Computer Aided Design MCAD Medium-Chain Acyl-CoA Dehydrogenase (inherited metabolic disease) MCAD Minneapolis College of Art and Design business," said Randy Eager, 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. of DesignAdvance. "This round of funding represents an important milestone for DesignAdvance as it enables us to add the necessary sales, support and marketing staff to hit our sales targets for 2006 and beyond." DesignAdvance has also graduated from The Technology Collaborative Jumpstart program, an economic development organization that supports the growth of Pennsylvania's digital technologies, robotics and cyber-security industries. "The resources and infrastructure of The Technology Collaborative gave us many advantages we needed to start and run our business," said Eager. "They provided us with initial contacts to potential customers; rent free office space next to Carnegie Mellon University Carnegie Mellon University, at Pittsburgh, Pa.; est. 1967 through the merger of the Carnegie Institute of Technology (founded 1900, opened 1905) and the Mellon Institute of Industrial Research (founded 1913). , our technology licensor; and sounding board for new ideas." |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion