Arteris Inc., a London-based provider of networking-on-chip IPO, has raised $7.5 million in Series C funding. Docomo Capital was joined by return backers Synopsys, Crescendo Ventures, TVM Capital and Ventech. Arteris has now raised $25 million.
Docomo Capital has joined existing investors Synopsys, Crescendo, TVM Capital and Ventech. The latest round brings the total investment in the company to $25 million.
The money is expected to aid the deployment of Arteris technology, which the company claims provides a more effective and scalable approach to connecting elements together on-chip than busses or other interconnect methods. Arteris said its technology is “gaining traction” at customers.
“We have invested because we believe that Arteris NoC technology has a strong place in the evolution of SoC design, particularly in wireless and multimedia applications,” said Nobuyuki Akimoto, President and CEO of Docomo Capital, in a statement issued by Arteris.
“Docomo Capital and its parent company NTT Docomo have strong ties to our wireless SoC customers. Together with our existing investors, we have a global presence to address market opportunities worldwide,” said Charles Janac, president and CEO of Arteris, in the same statement.