SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 5, 2003--Atrenta(TM) Inc.,
the Predictive Analysis Company, announced the closing of its Series B
financing of $5.3 million, bringing the total amount raised to date to
over $17 million. The round was led by Smart Technology Ventures, a
leading early stage venture capital fund based in Southern California,
marking its first investment in Atrenta. Also participating were
Series A investors, Venrock Associates, TL Ventures and Finaventures.
Funds raised in this financing will be used to expand Atrenta's
research and development efforts and to support and expand the
customer base for its SpyGlass Predictive Analysis tools. Atrenta was
represented in the financing by Pillsbury Winthrop's Palo Alto office.
"Atrenta's award-winning product, impressive list of successful
customers, and strong management team make it a first-rate investment
and the EDA company to watch," said David Nazarian, Managing Member,
Smart Technology Ventures. "The company's innovative SpyGlass
Predictive Analysis platform continues to rapidly gain customers
because it has demonstrated a unique and compelling value to chip
designers worldwide."
"We are very grateful for the high level of confidence that Smart
Technology Ventures and our existing investors have placed in us,"
said Dr. Ajoy Bose, Atrenta's chairman, president and CEO. "The fact
that we were able to raise additional capital at an increased
valuation and favorable terms in the current economic environment is a
strong endorsement of our technology and business strategy. The
additional funds will help lead us in achieving our long-term goals
and vision and take the company to the next level."
About Atrenta
Atrenta delivers predictive analysis solutions to the world's
leading electronics companies, including eight of the top ten
semiconductor companies. Its pioneering and award-winning SpyGlass
Predictive Analysis tools accelerate the design of SoCs, ASICs, and
FPGAs by detecting complex chip design problems that are not easily
identified with conventional verification methods. During the past
year, SpyGlass has been recognized with several distinguishing awards,
including EDN magazine's Top 100 products for 2002 and "LSI Design of
The Year 2002" award by Japan's Semiconductor Industry News. Atrenta
was also chosen by Venture Reporter as one of the top 100
venture-backed companies for 2002 and recently named by AlwaysOn, as
one of the Top 100 private companies.
Atrenta, with headquarters in San Jose, California, employs over
one hundred people worldwide. It has European offices in England and
France, a research and development center in India, and sales and
support distributors in Central Europe, India, Israel, Japan, Korea,
Singapore, Taiwan, and United Kingdom. For further information, visit
the Atrenta website at
www.atrenta.com, email
Email Contact, or
call 408-453-3333.
Atrenta is a trademark and SpyGlass is a registered trademark of
Atrenta Inc. All other trademarks belong to their respective owners.
CONTACT: Atrenta Inc.
Mona Singh, 408-467-4248
Email Contact
www.atrenta.com
or
Newiic
Paula Jones, 650-967-3711
Email Contact
