$30m for open source end-to-end FPGA software

$30m for open source end-to-end FPGA software

Business news |
By Nick Flaherty

Rapid Silicon is raising $30m to boost the rollout of its end-to-end open source FPGA software and entry level hardware.

The California company secured $15m from Cambium Capital and other investors in the first half of its Series A funding round, including all existing investors from its seed round. The second close is planned for Q1 2023.

Gemini is a programmable logic device (PLD) that is power optimized for the massive sensor processing needs, tight thermal profiles, and shrinking form factors required by embedded and edge applications.

The software, Raptor Design Suite, is the world’s first commercial FPGA EDA suite based on end-to-end open-source software. The Raptor Design Suite outperformed all leading EDA tools in the recent École polytechnique fédérale de Lausanne (EPFL) Combinational Benchmark Suite competition.

“Customers are looking for innovative ways to program FPGAs, reduce support load by leveraging the open-source ecosystem of active expertise and development engineers, and shorten time-to-market,” said Dr. Naveed Sherwani, Chairman and CEO of Rapid Silicon. “With open-source software, Rapid Silicon is removing the barriers and providing its customers with a robust end-to-end FPGA design workflow. The open-source software enables users to design complex applications quickly and efficiently on our FPGA devices.”

“Driven by its purpose and world-class talent, we believe Rapid Silicon is ready to revolutionize design-to-silicon turnaround time and provide solutions that meet and exceed the robust performance, power, area, and time-to-market requirements for next generation applications,” said Landon Downs, Managing Partner at Cambium Capital. “We see immense potential in the company’s AI-enhanced EDA tools, and we believe this team has the experience needed to bring these solutions to the global market.”


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