Chip Vision raises €2.9M to develop EDA technology

Funding round completed

Chip Vision Design Systems, a spin-out from research at Oldenburg University, Germany, has raised €2.9 million in a second financing round led by Target Partners and Bay Tech Venture Capital. The funding will cover the costs of R&D and the introduction of its proprietary PowerOpt and P-SAM products to the market.

Chip Vision specialises in electronic system-level (ESL), low-power optimisation software solutions which can be applied to integrated circuit design. Their ESL approach allows semiconductor developers to optimise energy dissipation during the design process.

Thomas Blaesi, CEO at Chip Vision, said: “Our recently announced PowerOpt and P-SAM products make development far more cost-effective and less risky because they let companies evaluate performance, area and power tradeoffs early, at the architectural level. Our approach helps companies reduce their pre-RTL energy needs by up to 75 per cent, get power-optimised RTL 60 times faster than with lower-level methods, and investigate various system design alternatives to achieve the best power management strategies.”

Munich-based investors Target Partners and Bay Tech funded Chip Vision’s initial venture financing in 2003, and are continuing to support development of their EDA technology.

Berthold von Freyberg from Target Partners said: “The rapid proliferation of mobile and wireless applications has mandated the need for energy dissipation. Chip Vision with its focus on designing low-power at the system-level is a unique position to help customers meet their low-power goals.”

Andreas Demleitner from Bay Tech said: “ESL is the fastest growing segment of the EDA industry. Chip Vision’s ESL power optimisation solutions deliver the kind of productivity improvements that companies value and need.”

Blaesi added: “We are pleased that Target Partners and Bay Tech Venture Capital and our other investors value Chip Vision’s R&D efforts and resulting products, that deliver significant savings through optimised power management.”