Giga Scale IC Raises $1.2 Million in Funding in Round Led by ITU Ventures Capital Will Be Used to Expand Product Development, Distribution Channels.Business Editors CUPERTINO Cu·per·ti·no A city of western California west of San Jose. It has an electronics industry. Population: 50,000. , Calif.--(BUSINESS WIRE)--Dec. 8, 2003 Giga Scale Integration Corporation -- also known as Giga Scale IC(TM) -- today announced it has raised $1.2 million in funding in a round led by ITU Ventures This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. . Funds will be used for general working capital and to expand its product development and distribution channels. Its board includes: J. George George, river, c.345 mi (560 km) long, rising in a lake on the Quebec-Labrador boundary, E Canada. It flows N through Indian Lake (125 sq mi/324 sq km) to Ungava Bay (an arm of Hudson Strait). Janac, founder and chief executive officer (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 Giga Scale IC; and Jonah Schnel Jonah Schnel is co-founder and Managing Partner of Los Angeles-based venture capital firm, ITU Ventures. He is also current Director of Surfect Holdings and has been serving on Surfect Technologies' Board of Directors since June 2006. , managing partner at ITU Ventures. "The founders of Giga Scale IC have observed correctly that chip design in today's deep submicron processes requires early analysis of many more variables than ever before," says ITU's Schnel. "They took a practical view to build a tool that provides everyone involved in the design and manufacturing of a chip a way to make the tradeoffs required for a successful product. That's why I believe Giga Scale IC is a sound investment." Adds Janac: "We are pleased to have ITU Ventures as our lead investor and plan to use this capital to scale the business in line with the demand our product is currently receiving in the marketplace." In a related announcement made today, Vin Ratford assumed the role of president of Giga Scale IC. Giga Scale IC is the developer of the recently announced Time Architect(R), a novel approach to semiconductor design. The semiconductor supply chain is disaggregated Broken up into parts. with dozens of suppliers spanning foundries, intellectual property (IP) vendors, 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. ) suppliers, packaging and test. Up until now, there has been no way to model the impact multiple suppliers can have across the numerous semiconductor process technologies available. Time Architect brings data from across the supply chain in a familiar design paradigm Design paradigms are models, archetypes, or quintessential examples of designed solutions to problems. The term "Design paradigm" is used within the design professions, including architecture, industrial design and engineering design, to indicate an archetypal solution. and creates a Virtual Silicon Model enabling fast, accurate estimation estimation In mathematics, use of a function or formula to derive a solution or make a prediction. Unlike approximation, it has precise connotations. In statistics, for example, it connotes the careful selection and testing of a function called an estimator. of multiple factors including speed, power, cost and yield. It complements existing EDA tools and IP data enabling rapid adoption across the semiconductor supply chain. About Giga Scale IC Founded in 2003, Giga Scale Integration Corporation -- or Giga Scale IC(TM) -- is a private Electronic Design Automation (EDA) software company based in Cupertino, Calif. Its products are used to create a Virtual Silicon Model of an IC which can be used across the semiconductor supply chain to make tradeoffs and decisions which simultaneously impact technical specifications and financial performance. Giga Scale IC corporate headquarters are located at: 10050 North Wolfe Road, Suite SW1-266, Cupertino, Calif. 95014. Telephone: (408) 255-0444. Facsimile: (408) 255-0344. Email: info@gigaic.com. Web Site: http://www.gigaic.com Time Architect is a registered trademark of Giga Scale Integration Corporation. Giga Scale IC, First Tool in the Design Chain and Time Architect are trademarks of Giga Scale Integration Corporation. Giga Scale IC acknowledges trademarks or registered trademarks of other organizations for their respective products and services. |
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