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  Date: 26/10/2015

Embedded-FPGA-tech expert Flex Logix gets $7.4M VC funding

Flex Logix Technologies said it has secured $7.4 million in equity financing. Flex Logix offers IP/tech for integrating FPGA blocks in a SoC.

Dedicated hardware fund Eclipse Ventures (formerly the Formation 8 hardware fund) has led this financing, and other participators include founding investors Lux Capital and the Tate Family Trust. Shirish Sathaye of Formation 8 will join the Flex Logix board of directors.

"The financing round was led by dedicated hardware fund Eclipse Ventures (formerly the Formation 8 hardware fund), and included participation from founding investors Lux Capital and the Tate Family Trust. Shirish Sathaye of Formation 8 will join the Flex Logix board of directors." said in the release by Flex Logix Technologies.

“Eclipse Ventures is excited to invest in Flex Logix,” said Shirish Sathaye. “We are impressed with the power of the technology, the rapid development, the proven software tools and the strong customer traction. We see embedded FPGA as a technology that will become pervasive, and look forward to working with Flex Logix to build a great company.”

Flex Logix is led by the founding CEO of Rambus who built Rambus from 4 people to one of the industry’s most prominent Silicon IP companies.

“We are very happy to bring Eclipse Ventures and Shirish on board,” said Geoff Tate, CEO of Flex Logix. “They share our vision. We are today recruiting leaders in chip design, sales and networking applications architecture –- this financing will help us hire the best possible people to support our growing customer base.”

 
          
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