PARIS—(BUSINESS WIRE)—June 19, 2007— Arteris, Inc., a leading provider of Network-on-Chip (NoC) solutions addressing challenges associated with on-chip communications, today announced that it has completed its Series B round of investment, raising $8.1 million to help fund future growth. The round was led by Synopsys, Inc., a world leader in semiconductor design software, and Arteris' original investors (Crescendo, TVM Capital and Ventech) also participated in the round.
Synopsys' investment was driven by the desire of both companies to
lower the cost and risk of designing complex system-on-a-chip (SoC)
integrated circuits and to foster industry-wide IP reuse capability.
The Arteris NoC supports a wide array of IP protocols including ARM(R)
AMBA(R) 3 AXI(TM), ARM AMBA 2 AHB(TM) and OCP(TM) protocols, which can
be used concurrently without modification.
"Our investment in Arteris is not just a financial transaction,"
said Randy Tinsley, vice president of strategy and corporate
development, Synopsys. "We see Network-on-Chip technology as a major
driver for improving the technical performance and cost of results for
complex SoCs. Arteris has established itself as the early leader in
"Arteris' goal is to establish our NoC interconnect technology as
a major category of IP and a viable approach to improve architectures
of complex SoCs. We are pleased with Synopsys' confidence in our
technology and with the continued support of our original investors,"
said Charlie Janac, president and CEO of Arteris. "With Synopsys' help
on methodology and awareness, the broad NoC ecosystem will benefit
semiconductor, IP, and EDA companies by helping to provide a flexible
platform for IP reuse."
Arteris will use the new investment to expand its market
development activities and further develop its NoC technology. As part
of the investment, Arteris has re-incorporated in the United States,
maintaining a French subsidiary in Paris. The Company plans to grow
headcount both in the United States and Europe in support of local
As part of the funding agreement, Synopsys will obtain a Board
Observer position. Both companies expect to maintain their existing
third-party relationships with other synergistic suppliers.
Arteris, Inc. provides IP and associated design tools to improve
performance of system-on-chip (SoC) architectures for multimedia,
telecom and mobile. Arteris' Network-on-Chip (NoC) solutions transport
and manage the on-chip communications within complex SoC integrated
circuits, increasing performance, reducing number of global wires,
with lower power utilization while enabling the most complex, IP-laden
designs. It allows chip developers to implement efficient and
high-performance NoC designs, overcoming limitations of traditional
layered or pipelined bus-based architectures. Arteris' technology is
scaleable in terms of the number of IP blocks designers can network,
as well as with deep submicron silicon manufacturing processes. The
NoC solutions are compatible with existing design flows and with IP
The international company operates globally with headquarters in
San Jose, California and an office in Paris, France. Arteris has
raised more than $24 million in equity investment from an
international set of venture capitalists, including Synopsys, Inc.,
Crescendo Ventures, Techno Venture Management, and Ventech. More
information can be found at www.arteris.com.
Arteris, the Arteris logo, NoCcompiler, NoCexplorer are trademarks
of Arteris, Inc.
Synopsys and DesignWare are registered trademarks or trademarks of
Synopsys, Inc. Any other trademarks mentioned in this release are the
intellectual property of their respective owners.