Nimbic Secures $6.9M Series B Financing
Leading Venture capital firms support the first scalable and secure cloud computing solution for electronic design automation
MOUNTAIN VIEW, CA – June 2, 2011 – Nimbic, a leading provider of SaaS-based, cloud-computing electronic design automation (EDA) solutions, today announced that new investor Austral Capital, and existing investors Madrona Venture Group and WRF Capital, have collectively invested $6.9 million in venture funding. This funding will enable Nimbic to accelerate the deployment of the company’s cloud efforts in 3D electromagnetic signal integrity, power integrity and EMI analysis field solutions.
“Austral, Madrona and WRF have a great track record of investing in game-changing ventures, and we are delighted to be a part of their portfolio,” said Raul Camposano, CEO of Nimbic. “Nimbic wants to cement its position as the leader in cloud computing in EDA, and this funding will help us do that.”
“We invest in disruptive technologies and world-class execution teams,” said Gonzalo Miranda, managing director of Austral Capital. “Today, Nimbic’s solutions are being used by the world’s leading semiconductor, wireless and memory companies and by taking the solutions to the cloud, we feel that Nimbic will revolutionize the way EDA software is consumed by the industry. We are thrilled to be working with this team.”
“We think Nimbic is the most important emerging company in the EDA space,” said Greg Gottesman, managing director of Madrona. “Others are talking about EDA in the cloud. These guys have actually done it. The orders-of-magnitude speed and capacity improvement with the nCloud product will give Nimbic’s customers a substantial advantage over their competitors. Soon I don’t think companies will be able to afford not to use it.”
Nimbic is the leading provider of SaaS-based, cloud computing electronic design automation (EDA) solutions. Nimbic enables high-speed and high-capacity 3D electromagnetic signal integrity, power integrity and EMI analysis field solutions for the microelectronics industry. Nimbic’s global customers include Texas Instruments, Renesas, Toshiba, Tabula and Panasonic. Nimbic’s nCloud solution facilitates efficient and robust chip-package-system co-design while significantly reducing time-to-market and costs. Nimbic’s accelerated technology delivers unprecedented capacity handling, significantly faster speed than current methodologies, and the ability to span the entire design cycle in 3D IC, package and system simulations, while maintaining uncompromising Maxwell accuracy.
For additional information, please visit www.nimbic.com
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