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May 02, 2006
New Embedded Memory Tech Brings In US and German VCs
Dutch fabless semiconductor firm, Cavendish Kinetics, tapped new investors Tallwood Venture Capital from Palo Alto, CA and Munich-based Wellington Partners for its second round raising $15.5M.
Someone said to the a:c recently that there isn't much trans-border dealmaking in Europe, but think about this one. Cavendish, is a 12 year old Dutch firm, commercializing technology developed at the UK's University of Cambridge, and its investors hail from the US, Germany, UK, and Canada. The venture has 10 investors altogether.
The new funds will be used to continue the development of its memory technology which is an alternative to FLASH and EPROMS. Via IP licenses, it sells to fabless semiconductor companies, independant design manufacturer, and CMOS foundries.
Cavendish has three product lines: all CMOS (which means it's standard process for the manufacturing), low power memory chips that can operate in extreme temperature and radiation ambients, and able to operate with standard voltages, which, the firm says, is one thing differentiating it from existing FLASH and EEPROM memories.
Read - Cavendish Kinetics Raises $15.5 Million in Second-Round Funding (press release)
Posted on May 2, 2006 06:43 AM | Posted to Semiconductors | Venture Capital | Permalink
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