Triscend Corporation Completes $25 Million Venture Financing.Business Editors MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Feb. 3, 2000 Triscend's Leadership Position in the Configurable System-on-Chip Market Strengthened by Wasserstein Adelson, M.G. Capital and Vulcan Ventures Sponsorship Triscend Corporation, the leading provider of Configurable System-on-Chip (CSoC) technology for the communications market, today announced that it closed $25 million in venture capital financing To start an own company or to bring a new product to the market, the venture may need to attract financial funding. There are several categories of financing possibilities. If it is a small venture, then perhaps the venture can rely on family funding, loans from friends . The investment will enable Triscend to maintain its leadership position in configurable chip solutions, a revolutionary semiconductor technology with explosive growth characteristics. Since its founding in 1997, Triscend has raised over $40 million to develop its CSoC technology. Wasserstein Adelson Ventures, L.P., the venture capital arm of New York-based Wasserstein Perella Group, and M.G. Capital Management of San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA, acted as lead investors, with Vulcan Ventures - the investment group of Paul G. Allen, Thomas Weisel Partners Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG), often shortened to just TWP or TWeisel, is a U.S. middle-market and growth focused investment banking firm based in San Francisco, California. , senior industry executives and strategic investors based in the Far East also investing. The capital and investor sponsorship will assure the successful commercialization of Triscend's CSoC solution and provide the company with significant capital to accelerate product development initiatives. &uot;This was our first institutional financing, and we are strongly encouraged by the significant interest the investment community has expressed in our CSoC technology,&uot; said Stanley Yang yang (yang) [Chinese] in Chinese philosophy, the active, positive, masculine principle that is complementary to yin; see yin, under principle. , 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. of Triscend. &uot;We have assembled a world-class investor base and believe the combination of their capital and sponsorship will strengthen our leadership position.&uot; George L. Lauro, Director of Venture capital at Wasserstein and who will be joining Triscend's board, said, &uot;Triscend's CEO Stanley Yang has assembled a seasoned management team exceptionally well positioned to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. one of the largest growth opportunities in the semiconductor industry: reconfigurable single chip solutions. The potential of Triscend's CSoC technology and FastChip(TM) design system are enormous. We look forward to working together to maximize the commercial potential of Triscend's technology.&uot; About Triscend Founded in 1997, Triscend Corporation is pioneering the Configurable System-on-Chip (CSoC) -- a single-chip combination of a dedicated industry-standard microprocessor, embedded Inserted into. See embedded system. programmable logic See PLD. , a dedicated system bus, and memory. Triscend CSoC devices, along with the FastChip(TM) Software Development System, eclipse field programmable gate arrays See FPGA. and application specific standard products to provide the next level of integration, time-to-market and programmability required for communications products. Triscend products are sold direct and through distribution partners such as All American and Bell Microproducts in the US, Internix in Japan, and the Memec Group throughout Europe. Triscend is privately held and venture capital funded. The Company is headquartered at 301 N. Whisman Road, Mountain View, CA 94043. More information is available at www.triscend.com or by calling 650/968-8668. Editor Notes: Triscend, FastChip, E5, and The Configurable System-on-Chip Company are trademarks of Triscend Corporation. |
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