LONDON Mixed signal test tools and services supplier ATEEDA Ltd. has raised £0.75million (about $1.5million) from Archangel Informal Investment and the Scottish Co-Investment Fund. Colin Adams has also joined the board as a non-executive director.
“This new investment will allow us to support the high levels of interest in replacing analog tests with simple digital ones,” said David Hamilton, ATEEDA's CEO.
The company has developed a software tool that allows analog sections to be tested on digital testers, enabling manufacturers to save time and money.
ATEEDA was formed in 2006 to exploit technology previously developed with Scottish Enterprise's proof of concept funding. In February 2007, technology entrepreneur and ATEEDA chairman, Peter Denyer, led a seed funding round.
The company also worked with Synopsys Inc. to develop and support interoperability between ATEEDA's Optimate mixed-signal test tools and the Synopsys H-spice simulator.
ATEEDA's technology was covered in the Design Currents section of EE Times Europe in October 2007 – to see more click here.
In February 2008 the company joined the EE Times 60 Emerging Startups list.