US-Israeli fabless semiconductor start-up eASIC Corporation has raised $7 million from current investors, bringing the total amount invested in the company to $87 million. Investors include Advanced Equities Inc., Khosla Ventures, Kleiner Perkins Caufield and Byers, Crescendo Ventures and Israel's Evergreen Venture Partners.
eASIC raised $48 million in early 2008, which helped it though a very tough year, caused by the global economic crisis.
eASIC is developing a solution, called Structures ASIC, which enables customers to customize a chip's features, thereby lowering costs and time to production. The company has about 100 employees.
The company was founded in 1999 by Zvi Or-Bach who previously founded ASIC developer ChipX Inc. eASIC is headquartered in Santa Clara, California, and has offices in Tokyo, Oxford, and Hadera. Or-Bac has not been involved in the company for many years, and it is currently run by president and CEO Ronnie Vasishta.
Published by Globes [online], Israel business news - www.globes-online.com - on November 5, 2009
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