San Jose, CALIFORNIA - January 7, 2002 - Atrenta Inc., a pioneer in predictive analysis tools, today announced the second closing of Series A $11.2 million equity investment. Venrock Associates and TL Ventures, two of the most established venture capital firms in the U.S., co-led the round. Concurrent with this round of financing, Massoud Entekhabi from TL Ventures will join Atrenta's board of directors comprising of Brian Ascher of Venrock Associates, Mike Hackworth, chairman of Cirrus Logic, and Ajoy Bose, CEO of Atrenta. The funding will allow Atrenta to expand its research and development capabilities and enlarge its marketing, technical support and sales force. Atrenta's SpyGlass suite of tools accelerates design of electronic circuits and semiconductors with a novel predictive analysis technique, which enforces downstream requirements upfront and minimizes design iterations.
"Atrenta offers a very compelling value proposition to IC designers by providing tools that help them achieve higher quality and shorter development time," said Massoud Entekhabi, Managing Director at TL Ventures. "The management team is an experienced, entrepreneurial group of professionals with EDA industry experience and a rich skill-set of technical knowledge."
"We are very pleased to have TL Ventures and Venrock as our investors," said Dr. Ajoy Bose, Atrenta's chairman, president and CEO. "Their investment is a strong endorsement of our strategy and lends credibility to SpyGlass, our innovative tool that accelerates ASIC and SoC design with a unique predictive analysis technique. TL Ventures and Venrock have a strong record of success and will help lead us in achieving our long-term goals and vision."
About TL Ventures
TL Ventures (www.tlventures.com) is an established venture capital firm with over $1.4 billion under management. Focused on investing in category-defining, early-stage companies in information technology, communications and biotechnology, the firm provides portfolio companies with operational, entrepreneurial and financial expertise and a global network of resources and contacts. In addition, TL co-invests with numerous venture firms across the country, including a venture firm TL co-founded, EnerTech Capital Partners, which has $285 million in capital focused on technology, services and infrastructure investments in the energy, utility and communication markets. TL Ventures has offices in Philadelphia, Austin, Dallas and Los Angeles. About Venrock Associates
Venrock Associates (www.venrock.com) was founded as the venture capital arm of the Rockefeller Family and continues a tradition of funding entrepreneurs that now spans over seven decades. Laurance S. Rockefeller pioneered early stage venture financing in the 1930s. With over 300 investments over a span of more than 70 years, the firm has an established a track record of identifying and supporting promising early stage, technology-based enterprises. As one of most experienced venture firms in the United States, Venrock maintains a tradition of collaboration with talented entrepreneurs to establish successful, enduring companies.
Venrock's continuing goal is to create long-term value by assisting entrepreneurs in building companies from the formative stages. Their consistent focus on Information Technology and Life Sciences-related opportunities provides a reservoir of knowledge and a network of contacts that have proven to be a catalyst for the growth of developing organizations. With offices in New York City, Cambridge, MA, and Menlo Park, CA, Venrock is well positioned to respond to opportunities in any locale. About Atrenta
Atrenta offers a new approach in accelerating the design of complex ASICs and SoCs through predictive analysis. Atrenta's SpyGlass product is the first tool that performs detailed structural analysis on register-transfer-level Verilog and VHDL code in order to check for complex problems, which include coding styles, RTL-handoff, design re-use, clock/reset requirements, and much more. Its breakthrough and innovative "look-ahead" capability incorporates a fast-synthesis engine, cycle-based simulation, and testability technologies. Atrenta has over forty customers, such as Agere, Agilent, Apple, ARM, Canon, Compaq, Fujitsu, Hitachi, LSI Logic, Motorola, National Semiconductor, NCR, Nortel and Olympus, who are using SpyGlass to achieve shorter overall design cycles, increased design productivity and lower costs.
Atrenta is headquartered in San Jose, California, with European headquarters in Swindon, England, a research and development center in India, and a sales and support distributor in Japan. For further information, visit the Atrenta website at www.atrenta.com or call 1-866 ATRENTA.------------------------------------------------------------------------------------------------------------------------------------------------------------------------
For further information, please contact:
Mona Singh
Marketing Communications Manager
Atrenta Inc.
408.467.4248
mona@atrenta.com
Sherrie Gutierrez
Account Manager
MCA Public Relations
650-968-8900 x 127
sgutierrez@mcapr.com |
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