Spintop Ventures invests in Danish integrated circuit design tools (“EDA tools”) company Teklatech to fuel the company’s growth in the US market. Teklatech has a unique technology helping integrated circuit companies to address design challenges that are becoming critical as the circuit geometries get smaller.
Teklatech’s solution is currently in use in major development projects at several top-tier US integrated circuit companies. With this important commercial proof-of-concept in place, the company aims at a rapid expansion in 2016 and 2017.
“During 2015, Teklatech has achieved significant break-throughs with our FloorDirector® solution,” says Dr. Tobias Bjerregaard, CEO and Founder of Teklatech. “Our patented technology is clearly resonating with our leading-edge customers operating at the 16nm process node and beyond. Dynamic power integrity is a problem which is getting worse. FloorDirector is the only EDA solution that can effectively address this challenging problem.”
“We know the EDA industry from previous investment experiences. We are very impressed by what Teklatech has accomplished both technologically and commercially. We are pleased to announce our investment and look forward to support the company to achieve its ambitious targets for the coming years” says Finn Persson, Partner at Spintop Ventures.
About Spintop Ventures
Spintop Ventures is a venture firm investing in early-stage Nordic technology companies, supported by an active network of successful technology sector entrepreneurs. For more information, please visit www.spintopventures.com.
Contact: Finn Persson, email@example.com, +46-705-11 65 74
Teklatech provides EDA software solutions to optimize and reduce SoC Dynamic Voltage Drop and in-rush current at the Place & Route design stage. Teklatech is focused on helping customers meet the demand of next-generation semiconductor products. Teklatech’s technologies enable companies to achieve faster convergence during physical implementation, eliminate costly silicon re-spins and achieve much improved time-to-market of more profitable products.
Teklatech is a privately held EDA company with offices in Copenhagen, Denmark and Santa Clara, CA, and with commercial and technical representatives in USA, Taiwan, China and Europe. More details at www.teklatech.com.
5201 Great America Pkwy, Suite 320
CA 95054 Santa Clara
Prinsesse Maries Alle 17
DK-1908 Frederiksberg C
Contact: Tobias Bjerregaard, firstname.lastname@example.org