Tilera, a relatively young chip company, said today it has raised an additional $45 million in financing from tech heavyweights such as Samsung and Cisco Systems.
The San Jose, Calif.-based company, which designs many-core processors, received a new round of financing led by Artis Capital Management that includes new investment from WestSummit Capital Management, Comerica Bank, Cisco Systems, and Samsung Venture Investment. Existing investors include Walden International, Bessemer Venture Partners, Columbia Capital Broadcom, NTT Finance, VentureTech Alliance, and Quanta Computer.
The previous round of financing, announced back in March 2010, raised $25 million.
Founded in 2004, Tilera has made … Read more