Israeli multicore processor developer Plurality Inc. has raised $12 million in its second financing round at a company value of $30 million, before money. The investors were strategic investors from Japan's electronics industry. The company has raised $21 million to date, including $8.5 million in its first financing round from Libot Group Ltd. and private investors, including Yitzhak Tshuva, in July 2008.
At the start of the decade, multicore processors became part of people's daily lives. However, even though the technology has been mainstream for several years, there are still some shortfalls in multicore processors' operational ability. Plurality is one of several start-ups seeking to improve their performance.
Plurality was founded in 2004 on the basis of research by two of its founders, CTO Dr. Nimrod Bayer and director Dr. Ran Ginosar, on 256-core processors.
Plurality has a two-part business model. It licenses its intellectual property for use with current processors manufacturing by industry giants. It also supplies high-performance processors to the data center market on the basis of cooperation agreements with computer and communications systems companies.
Published by Globes [online], Israel business news - www.globes-online.com - on November 19, 2009
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