California chip giant NVIDIA Corporation (Nasdaq: NVDA) is making a $2.5 million strategic investment in Ramat Gan-based start-up Rocketick Ltd. Over the next three years, Rocketick will supply its GPU simulation accelerator solutions to NVIDIA's engineers around the world for the development of its next-generation graphics processing units and chipsets.
Rocketick was founded in 2008 by CEO Uri Tal, CTO Shay Mizrachi, and VP R&D Tomer Ben-David, all of whom served together in the IDF Unit 8200. The company's simulator, the RocketSim, speeds up the development of processors ten-fold, and slashes memory consumption by servers running the testing simulation by 80%.
Tal said, "We're pleased to realize a synergetic partnership with NVIDIA, which is a leader is graphics accelerators and now a customer of our technology. This partnership promotes our efforts to further develop the technology and integrate it with leading global companies, such as NVIDIA."
NVIDIA VP business development Jeff Herbst said, "We've been working with Rocketick for the past year, and we're pleased to collaborate with it in our first investment in an Israeli start-up. In an industry in which simulating the chip development process is complex and important, Rocketick's technology helps shorten processor development time. Rocketick shares our vision of infinite potential of advanced graphic processing units."
Published by Globes [online], Israel business news - www.globes-online.com - on May 30, 2011
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