InSilica gets $18mn from Intel Capital, others

InSilica, an emerging supplier of high value, high volume ASIC and standard system-on-chip solutions, has tied up $18 million in new financing which will enable the company to accelerate its growth in a broader range of target customers and geographies.

According to an official release issued today, the participants  in the round included Intel Capital, Flextronics, Crossbow Ventures, Dow Ventures and NewPath Ventures.

"In today's dynamic, fast-paced competitive market, a clear need exists for low  power, high-performance customized 'system  on  chip' solutions. InSilica's products provide customers with cost-effective, flexible, high volume solutions to satisfy these exact requirements,"Kumar Shiralagi, director of Intel Capital India, said.