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Article: Kleiner Perkins and Vinod Khosla Invest Additional $7.5 Million in eASIC Corporation; KPCB and Vinod Khosla Invested a Total of $12.5M in Two Stages of Funding, Showing Continued Support for the Company's Leading-Edge Configurable Logic Technology.
- Article from:
- PR Newswire
- Article date:
- April 4, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN JOSE, Calif., April 4 /PRNewswire/ -- eASIC(R) Corporation, a provider of Configurable Logic and Structured ASIC products, today announced that it has secured $7.5 Million in equity financing from Kleiner Perkins Caufield & Byers (KPCB) and Vinod Khosla. As follow-on to the previous investment of $5 Million on May 2004, this additional venture capital funding is a vote of confidence in the company's breakthrough technology and fast growth. The funding will be used to expand the company's global operations, including marketing and sales and develop the next generation configurable logic and Structured ASIC products in 65nm.
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