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Arteris raises $9.7 mn from investors

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CIOL Bureau
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LONDON, UK: Arteris Incorporated, the supplier of network-on-chip IP, headquartered in San Jose, California, the United States, has raised $9.7 million from a group of investors, led by Qualcomm Incorporated and including ARM Holdings.

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According to as statement from Arteris Incorporated, Qualcomm and ARM Holdings will join the existing investors – DoCoMo Capital, Crescendo Ventures, Synopsys, Ventech, TVM Capital – who also had taken part in the latest round.

Arteris said the $9.7 million raised now would be used to expand its sales and customer support worldwide.

The latest round of finance takes the amount that Arteris has raised to a total of $35 million.

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Arteris Incorporated, set up in Paris in 2003, has been shipping products since 2006.

Frederic Rombaut, managing director of Qualcomm Ventures Europe, said in a statement that Qualcomm sees the network-on-chip technology as an “enabling technology” in designing complex SoCs at 40-nanometer processes and beyond.

The investment in Arteris Incorporated, Rombaut, added, is central to Qualcomm’s strategy of making a heterogeneous interconnect ecosystem around the AMBA specification.

On this system, “our mutual customers can design and connect a variety of innovative IP, complementary protocols and services,” according to Keith Clarke, general manager (fabric IP) of ARM Holdings. The aim is to interoperate the technology of Arteris with AMBA protocol-based IP and thus speed up deployment of ARM processors in SoC designs, Keith Clarke added.

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