Flex Logix Raises $5M In Series B
Summary
MOUNTAIN VIEW, CA, Leading supplier of embedded FPGA IP and software, today announced it has secured $5 million in Series B equity financing. Led by existing investors Lux Capital and Eclipse Ventures, with participation from the Tate Family Trust, this new round of funding will enable Flex Logix to expand its sales, applications and engineering teams to meet the growing customer demand for its embedded FPGA platform in a variety of applications such as networking, government, data centers and deep learning. "The companys software and silicon are proven and in use at multiple customers, paving the way to become one of the most widely-used chip building blocks across many markets and for a broad range of applications." "These patented technology breakthroughs combined with an experienced management team led by Geoff Tate, the founding CEO of Rambus, strongly position the company for rapid growth in the future." It is headquartered in Mountain View, California and has sales rep offices in China, Europe, Israel, Japan, Taiwan and Texas.