Celoxica adds $6.3million in funding - Embedded.com

Celoxica adds $6.3million in funding

LONDON — Celoxica Holdings has raised $6.3million of new investment from existing investors led by Advent Venture Partners, Cazenove Private Equity, Intel Capital and Quester Venture Capital.

Celoxica, which provides software tools, system IP, development boards and consulting services that enable the design automation and implementation of complex C-based algorithms into hardware devices, is to use the funding to accelerate its revenue growth and new product development.

The Celoxica DK Design Suite was originally released in March 2001 and is now in its third major release (DK3). It has sold over 300 commercial licenses to system designers in Asia, Europe and the Americas.

Celoxica headquarters are located in Abingdon, UK; with major offices in Campbell, California; and Yokohama, Japan.

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