SANTA CLARA, CA--(Marketwire - Mar 5, 2013) - Kilopass Technology, Inc. (www.kilopass.com), a leading provider of semiconductor logic non-volatile memory (NVM) intellectual property (IP), announced today that it has received an $8 million funding from a major consumer electronics licensee who wishes to remain anonymous until its own product launch. Kilopass embedded NVM is mission critical to the customer's current and future products. The funding reflects a commitment to Kilopass technology and confidence in its memory expertise to successfully address the customer's future product needs. Kilopass will use the capital infusion to aggressively expand the company's technology roadmap and market presence.
"Kilopass is excited about the funding that enables us to accelerate the expansion of the product roadmap beyond one time programmable and few times programmable memory," said Charlie Cheng, CEO of Kilopass. "We have worked closely with our 150 licensees across consumer, mobility, analog mixed signal, automotive, and industrial markets to address their embedded NVM needs. While continuing to be the leader in logic NVM, Kilopass has the core infrastructure and expertise to bring to market the next game changing memory technology to address market needs."
Kilopass pioneered logic anti-fuse NVM IP. It has over a decade of in-house expertise developing and bringing to market one-time programmable and few-time programmable anti-fuse NVM IP in every leading edge next generation logic CMOS process technology including 20nm silicon. Its expanding engineering team has the expertise to address the fundamental memory problems confronting SoC designers today, including scalability of SRAM and eFlash in successively smaller process geometries.
"Kilopass has built strong customer relationships through execution and delivery. Kilopass has been growing organically, and generated the greatest increase in returning licensees in Company history, as well as new licensees in 2012," says Winston Fu, board member of Kilopass and General Partner in U.S. Venture Partners. "Kilopass continues to outperform in the intellectual property segment of the semiconductor industry, and the rich product roadmap will significantly accelerate the company's growth."
"This new capital is a huge endorsement of Kilopass as a world leading specialty memory technology company and this customer driven support substantially expands the company's available market," said John Malloy, a General Partner and co-founder of BlueRun Ventures, a Kilopass investor.
"We are super excited about the new round of investment, especially from the scale-up point of view," said Aaron Mankovski, Managing General Partner of Pitango Venture Capital, a Kilopass investor. "The Kilopass team has been extremely successful with a very lean team. Now with the new capital, we are excited at the management additions as well as the new product lines that Kilopass plans to add in the coming weeks."
Kilopass Technology, Inc., a leading supplier of embedded NVM intellectual property, leverages standard logic CMOS processes to deliver one-time programmable (OTP) and many-time programmable (MTP) memory. With 58 patents granted or pending and more than 800,000 wafers shipped from a dozen foundries and Integrated Device Manufacturers (IDMs), Kilopass has more than 150 customers in applications ranging from storage of firmware and security codes to calibration data and other application-critical information. The company is headquartered in Santa Clara, Calif. For more information, visit www.kilopass.com or email email@example.com. Follow Kilopass on Twitter at https://twitter.com/kilopass_.