MathStar raises $15.3 million in second round financing

Aug. 14, 2002
August 14, 2002--MathStar has successfully raised $15.3 million in additional funding. Investors include leading institutional investors, a Minneapolis-based venture capital firm, and angel investors.

August 14, 2002--MathStar, provider of high speed, high performance communications chips, today announced that it successfully raised $15.3 million in additional funding. Investors include leading institutional investors, a Minneapolis-based venture capital firm, and angel investors.

"Over the past fifteen years we have been fortunate to develop a strong network of loyal investors who are willing to invest in companies that develop and commercialize pioneering technologies," contends Douglas Phil, chairman and chief executive officer of MathStar. "Many of our investors also supported us with our last three technology companies. With MathStar, there is an opportunity to fundamentally change the semiconductor industry through the development of our proprietary new reconfigurable chip technology. We are grateful for the support of our shareholders and welcome the opportunity to grow MathStar into a significant presence in the semiconductor market."

MathStar is addressing new problems faced by the semiconductor industry. As chip geometries shrink and design and mask-set costs rise, MathStar believes that customers will want an off-the-shelf, high performance, reconfigurable device. MathStar's new technology targets the communications market with a reconfigurable chip that can provide the time to market advantages of Field Programmable Gate Array (FPGA) chips with the cost and performance advantages of Application Specific Integrated Circuit (ASIC--custom) chips

In addition, MathStar offers a full line of Physical Media Dependent (PMD) chips, including transimpedence amplifiers, VCSEL drivers, and SerDes devices. In the PMD market, MathStar competes on the basis of product performance, small form factor, and low power. Customers include manufacturers of fiber-optic modules and network systems.

For more information about MathStar Inc. (Minneapolis), visit the company's Web site at www.mathstar.com.

Sponsored Recommendations

How AI is driving new thinking in the optical industry

Sept. 30, 2024
Join us for an interactive roundtable webinar highlighting the results of an Endeavor Business Media survey to identify how optical technologies can support AI workflows by balancing...

On Topic: Optical Players Race to Stay Pace With the AI Revolution

Sept. 18, 2024
The optical industry is moving fast with new approaches to satisfying the ever-growing demand from hyperscalers, which are balancing growing bandwidth demands with power efficiency...

The Pluggable Transceiver Revolution

May 30, 2024
Discover the revolution of pluggable transceivers in our upcoming webinar, where we delve into the advancements propelling 400G and 800G coherent optics. Learn how these innovations...

Scaling Moore’s Law and The Role of Integrated Photonics

April 8, 2024
Intel presents its perspective on how photonic integration can enable similar performance scaling as Moore’s Law for package I/O with higher data throughput and lower energy consumption...