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Docomo helps Arteris raise $7.5 million

May 22, 2008 | | 207801742
Arteris Inc., a supplier of networking-on-chip intellectual property, has raised $7.5 million in a Series C round of financing.
LONDON — Arteris Inc., a supplier of networking-on-chip intellectual property, has raised $7.5 million in a Series C round of financing.

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.









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