EDA Player Zenasis Technologies Secures $6M in Funding
Sigma Partners Takes Lead in Second Round Targeted Toward Expanding R&D
CAMPBELL, Calif.--(BUSINESS WIRE0--April 29, 2002--Zenasis
Technologies, Inc., an electronic design automation (EDA) company
delivering next-generation integrated circuit (IC) optimization
software, today announced it raised $6 million in its second round of
funding from Sigma Partners. This brings the total amount raised to
$7.5 million in financing since it was founded in 2000.
Funds will be used as working capital to expand the Zenasis
research and development (R&D) efforts.
"There is no shortage of business plans, but the criteria required
to get funding is extremely difficult, especially in today's climate,"
affirms Mark Pine, managing director at Sigma Partners in Menlo Park,
Calif., and a Zenasis board member. "Zenasis caught my eye because of
its sound business plan, strategic approach, experienced team and
product that truly is next-generation software."
Adds Dr. Jay Roy, president and chief executive officer (CEO) of
Zenasis: "Sigma Partners immediately recognized our unique value
proposition, and it is well known for its tremendous experience base
and wide network. This business collaboration will help us build our
team and grow the company to the next level."
About Zenasis Technologies, Inc.
Zenasis Technologies, Inc., is an electronic design automation
(EDA) company delivering next-generation IC optimization technology
for cell-based design. Its context-specific "hybrid optimization"
operates at the gate and transistor levels for a given design
placement, and empowers designers to simultaneously improve
performance, power, area, signal integrity and routing. The Zenasis
team has a mix of experience in EDA, semiconductor and
high-performance design industries. Founded in 2000, it has received
$7.5 million in a combination of venture and seed financing from Sigma
Partners and private seed investors. Corporate headquarters is located
at: 1671 Dell Ave., Suite 206, Campbell, Calif., 95008. Telephone:
(408) 364-2002. Facsimile: (408) 364-2236. Email: info@zenasis.com.
On-line information is found at its website: http://www.zenasis.com.
Zen is a trademark of Zenasis Technologies, Inc. Zenasis
acknowledges trademarks or registered trademarks of other
organizations for their respective products and services.
Contact:
Nanette Collins
Public Relations for Zenasis Technologies
(617) 437-1822
nanette@nvc.com
