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Atrenta secures Rs.74 crore in Series D funding

Posted: 23 Oct 2006     Print Version  Bookmark and Share

Keywords:Atrenta  equity financing  Investor Growth Capital 

Atrenta has successfully secured Rs.73.94 crore ($16 million) in new equity financing. Investor Growth Capital led the financing in this Series D round. Samsung Ventures and Hercules Technology Growth Capital, Inc. joined existing investors, Venrock Associates, TL Ventures, Smart Technology Ventures, Investcorp Technology Ventures and Finaventures, in the financing round. In conjunction with the financing, Jose Suarez of Investor Growth Capital has joined Atrenta's Board, and Bill Byun of Samsung Ventures joins as an observer on the Board. The funds will be used to fuel the company's continued growth by expanding Atrenta's product offerings in chip design software and its worldwide presence for sales and support.

"EDA is going through an interesting transformation with the migration to higher levels of abstraction, presenting exciting opportunities for visionary technology companies like Atrenta," said Jose Suarez of Investor Growth Capital. "Atrenta's value proposition of early design closure addresses concerns that are critical to its customers' success, and it fits perfectly with our present portfolio of innovative technology companies delivering elegant solutions to recognized bottlenecks in semiconductor development."




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