Tabula secures USD108 Million in series D funding to accelerate 3PLD device production

March 28, 2011 // By Julien Happich
Tabula secures USD108 Million in series D funding to accelerate 3PLD device production
Fabless semiconductor company Tabula announced it has secured USD 108 million in series D funding. The company will use the new capital to accelerate production of its 3PLD ABAX product family, expand customer and partner support infrastructures, and further next-generation product development to extend its market leadership in the rapidly growing programmable logic sector.

The financing was led by Crosslink Capital and DAG Ventures. Existing investors, Balderton Capital, Benchmark Capital, Greylock Partners, Integral Capital, and NEA also participated in this round.

“Our chips and software are in customers’ hands, and our Spacetime technology is delivering on its promise in the marketplace. This enormous infusion of capital provides the remaining ingredient for us to transform the electronics industry,” notes Steve Teig, Founder and CTO of Tabula

Committed to bringing business and technology innovation to the semiconductor industry, Tabula recently completed the roll-out of its 40nm ABAX family of 3PLDs supported by the Stylus development software. The company also announced Cisco Systems as being one of several Tier 1 OEM customers planning to use the chip in communications infrastructures.

“Tabula is well positioned to capitalize on the growing migration of ASIC and ASSP towards programmable logic devices.” said Dave Strohm, Partner of Greylock Partners. “With a proven world class management team, products that are leading in a high-growth PLD market and shipping to a growing list of Tier 1 customers, this round of funding will help drive their customer expansion and increase their technological lead. We look forward to their continued success.”

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Related news:

Tabula takes 3D programmable logic sky-high with cloud-based EDA tool

Tabula introduces 3-dimensional Spacetime programmable logic architecture

Stealthy Tabula has raised cash for PLD launch

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