FPGA fabric startup raises $5 millon

May 08, 2017 //By Peter Clarke
Flex Logix Technologies Inc. (Mountain View, Calif.), a startup developer of licensable FPGA fabric for embedding in SoCs, has raised $5 million in a Series B round of venture capital funding.

The company said it plans to use the money to support customers using its embedded FPGA technology in networking data centers and deep learning applications.

The funding was led by existing investors Lux Capital and Eclipse Ventures with participation from the Tate Family Trust and brings the amount raised by Flex Logix to more than $12 million since its founding in March 2014. The company's CEO is Geoff Tate, founder of Rambus Inc. and its former CEO.

The EFLX fabric is available on a number of process nodes from TSMC and is being ported to additional process nodes based on customer demand.

“We believe that Flex Logix’s embedded FPGA has the potential to be as pervasive as ARM’s embedded processors have become today,” said Peter Hebert, Managing Partner at Lux Capital, in a statement issued by Flex Logix. “The company’s 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.”

The addition of FPGA fabric to an SOC allows a single chip to address multiple markets or to be upgraded while in-system to adjust to changing standards such as networking protocols. In the case of deep learning customers can update chips with different deep learning algorithms.

"We now have customers with working silicon, multiple licensees and are seeing our first repeat designs,” said Tate, in the same statement.“With a large number of customers in active, detailed evaluation of our technology for a wide range of applications, we expect significant growth of our customer base in the near term. As a result, we’re staffing up ‘ahead of the curve’ to ensure we can satisfy the demand."

Related links and articles:

www.flex-logix.com

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