[Posted on January 28, 2008 - 11:03 AM]
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The costs and time it takes to commercialize new telecommunications devices and other sophisticated high-speed electronics have fallen dramatically in recent years because of the availability of increasingly powerful programmable chips. The next step in that progression is being powered by companies to cut costs and speed the design of those programmables.One of these companies, Instrinsity Inc. has raised $31.5 million in a fifth round co-led by Adams Capital Management, Altitude Capital Partners, Goldman Sachs, The Hillman Co. and Northwater Capital Management to expand a line of intellectual property products for producing embedded processor cores. As a leader in the so-called "chipless chip" sector, the company also is expanding technical initiatives to further speed the design cycle and further lower power requirements.
Intrinsity has more than 85 patents for circuit technology and design processes for ultra-high speed, low-power enhancements of popular embedded processor cores, and the company hopes to widen that lead with its new backing.
For our full report in Intrinsity please visit Tech Confidential this afternoon. - Clifford Carlsen
See Jan. 28 press release from Intrinsity
