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Follow on Google News | Codasip Secures $2.8 Million First Round of Funding, Led by Credo VenturesFunding will help make application specific processor (ASIP) technology mainstream and support international expansion.
By: Codasip The rapid growth of mobile devices, the internet of things (IoT) and personalized medicine is driving demand for extremely low power processors that perform very specialized tasks. ASIP’s address this need by optimizing the processor instruction set to the needs of the application, or class of applications. This optimization can improve performance by orders of magnitude over traditional processing techniques. However, traditional approaches require highly specialized knowledge and are complex to deploy. Codasip’s unique electronic design automation (EDA) tools and IP make it extremely easy to develop and program ASIP designs, delivering the power of ASIP with the simplicity of standard processors. "Codasip is changing how ASIPs are designed today and we are happy to help the company expand to new markets." said Vladislav Jez, Partner at Credo Ventures. “We are extremely excited by what this new funding will enable us to do.” said Karel Masarik, CEO Codasip, Ltd. “After being specialized products for many years, some form of ASIP now exists in every semiconductor- Codasip recently released version 2.0 of the Codasip Studio ASIP platform, further extending its technology leadership in the market. This new funding will be used to accelerate the existing product roadmap for EDA tools, as well as expanding the range of Codix IP cores that it will bring to market. In addition to expanding R&D activities the funding will be used to enable international expansion. Codasip has recently expanded its business development and sales presence in the US, and Europe, and will be expanding to other regions during the remainder of 2014. === About Codasip: Codasip delivers leading-edge IP and EDA tools that enable adoption of Application Specific Instruction Set Processors (ASIP's). ASIP’s utilize dedicated instructions to accelerate software and are at the heart of applications that require very high performance with low power. Codasip’s unique technology makes ASIP adoption as simple and easy as standard embedded processor cores. Formed in 2006 and headquartered in Brno, Czech Republic, Codasip currently has offices in the US and Europe. More information on Codasip's products and services is available at www.codasip.com. About Credo Ventures: Based in Prague, Czech Republic, Credo Ventures is the most active venture capital firm that invests in Central European startups across IT, Internet, health. Credo Ventures believes in entrepreneurship and builds upon strong international relationships; For further information please contact: Neil Hand, VP Marketing & Business Development, Codasip, +1 650 353 7486, hand[at]codasip[ Vladislav Jez, Partner, Credo Ventures, +420 737 238 278, jez[at]credoventures[ Distributed on behalf of Codasip by NeonDrum news distribution service (http://www.neondrum.com) End
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