(PRWEB) December 16, 2004
Inphi® Corporation, the performance leader in precision timing devices and high-speed precision electronic components, today announced it has secured investment funding totaling $ 18 million. New corporate investors and business partner Cadence Design Systems along with strong participation from existing investors, Tallwood Venture Capital, Mayfield Fund, and Walden International, make up the round.
This level of investment is a testament to the technology and performance leadership Inphi has in high performance electronic components and precision timing devices for the computing and communications markets. Cadence Design Systems and is a respected leader whose support greatly strengthens Inphis global market presence, commented Ashok Dhawan, president & CEO of Inphi Corporation. Moreover, the commitment Inphi has received from our original and new investors will enable us to dramatically expand both our development and market-focused activities.
The funding will be used to expand production to meet the increasing demand for Inphis DDR2 logic devices as well as to launch Inphis Advanced Memory Buffer (AMB) in early 2005. Inphi launched a series of logic devices earlier in 2004 and these designs are now moving to production at memory module manufacturers around the world.
Inphi’s technology is driving new standards of performance in computing and communications, said Brian R. Hamel, senior director of strategic ventures from Cadence Design Systems. This is a strategic investment for our organization as Inphi has consistently driven performance standards through innovative technology. Having worked with the company as a partner for several years we are well aware of the enormous opportunity this investment presents.
About Inphi Corporation
Founded in November 2000, Inphi Corporation is a privately held electronic components company based in Westlake Village, California. Inphi delivers high-speed precision integrated circuits that optimize power, performance, and size, enabling customers to build the highest performance, most cost-competitive computing, telecommunications, and instrumentation systems. The companys ExacTik® Family of CMOS timing devices for memory clocking, and other server, workstation and notebook applications is the most comprehensive and highest performing in the industry; every part meets or exceeds JEDEC specifications. Additional information about the company can be found at http://www.inphi-corp.com.
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