InSilica set to accelerate growth 

BANGALORE: InSilica, has announced the closure of $18

million in new financing which will enable the company to accelerate its growth

in a broader range of target customers and geographies.






Participants in the round included Intel Capital, Flextronics, Crossbow
Ventures, Dow Ventures, and NewPath Ventures.






Kumar Shiralagi, director, Intel Capital India, said, "In today's dynamic,
fast-paced competitive market, a clear need exists for low power,

high-performance customized 'system on chip' solutions. InSilica's products

provide customers with cost-effective, flexible, high volume solutions to

satisfy these exact requirements."






InSilica expects to utilise the financing to build out its IP portfolio further,
as well as adding scale to sales and marketing, operations, and engineering,

which will enable the company to execute on more worldwide customers

simultaneously.






The company intends to maintain a strategic focus on customers who will gain key
competitive advantages through InSilica resulting in recurring longer term

business relationships than typical in the customized SOC and ASIC segments.






After initial financing the company spent most of 2004 developing and proving a
proprietary design flow and intellectual property base which would enable

solutions that are lower power, higher performance, faster time to market, and

more competitively priced than typical standard ASIC suppliers are capable of

delivering.






In 2005 InSilica focused on a select set of target customers who would find
critical value in these differentiators. As a result the company has now

achieved strategic customer wins in key segments such as mobile phones, high

performance networking, high definition video processing, broadband wireless

communications and has ramped to high volume production in early 2006.






This customer base includes both traditional systems OEMs as well as other
fabless semiconductor suppliers who chose InSilica for their execution and

delivery as a more effective approach over vertical integration.






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