Chip Path Design Systems Inks $3M Series A


Chip Path Design Systems, which focuses on the design of integrated circuits, has raised $3 million in a first round of financing from Scientific Ventures, LanzaTech Ventures, and San Jose, Calif.-based Xilinx Corporation. Scientific Venture’ Mark Templeton and LanzaTech’s Lucio Lanza will join the company’s board as a result of the financing. Chip Path is based in Cupertino, Calif. LanzaTech has offices in New Zealand, China and Illinois.

PRESS RELEASE
Chip Path Design Systems (www.ChipPath.com) today announced it has secured $3M in Series-A funding from Scientific Ventures, Lanza techVentures, and Xilinx Corporation. The company focuses on a new area it calls Semantic-IC Design, aimed at revolutionizing how companies design ICs (Integrated Circuits). This is the company’s first funding round.

“With this round of funding we can greatly compress our delivery timeline and gained a key partner in our quest for ASIC (Application Specific Integrated Circuit) and FPGA (Field Programmable Gate Array) interoperability.”

Chip Path Design Systems is led by Electronic Design Automation (EDA) pioneer George Janac serving as CEO and Chairman. “We see great opportunities in rolling up IC Design with EDA and Semiconductor-IP,” said Janac, “With this round of funding we can greatly compress our delivery timeline and gained a key partner in our quest for ASIC (Application Specific Integrated Circuit) and FPGA (Field Programmable Gate Array) interoperability.”

CEO Janac will also be joined on the Board of Directors by Mark Templeton, managing partner of Scientific Ventures. Additionally, Lucio Lanza, managing partner of Lanza techVentures will join the board. Mr. Lanza also serves on the boards of PDF Solutions, Forte Design Systems, Pharmix Inc, and others.

The Company plans to announce and release products in rapid succession over the coming year. Proceeds from the financing will be used to accelerate the building of distribution channels and market delivery of products.

About Chip Path

Chip Path Design Systems is a privately funded company dedicated to the merging of Electronic Design Automation and Semiconductor IP. Targeting the front-end process from specification through IP-Assembly to Physical Planning, Chip Path delivers Architectural Design tools based on Semiconductor-IP for new ASIC designs as well as for compilation onto existing FPGA and ASSP devices.

The company is headquartered at 10773 North Wolfe Road, Cupertino, Calif. 95014. Telephone: 408-257-3643. Facsimile: 408-257-3644. Email: [email protected] Website: www.ChipPath.com.

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