EFINIX™ COMPLETES $9.5M FUNDING ROUND

Investment Will Accelerate Market Entry of Efinix’s Quantum™ Programmable Technology


SANTA CLARA, Calif., Sept 27 (Bernama-GLOBE NEWSWIRE) -- Efinix^TM, an innovator in programmable product platforms and technology, today announced the completion of a $9.5 million funding round. The investment will accelerate the market deployment of the company’s Quantum™ programmable technology with a focus on deep learning and compute acceleration.

The investment was led by leading provider of All Programmable semiconductor products, Xilinx, and Hong Kong X Technology Fund (HKX), a leading investment fund supported by Sequoia Capital China and focusing on fast-growing technology companies. In addition, Samsung Ventures Investment Corporation, Samsung Electronics’ investment arm, also joined the funding round, as well as Hong Kong Inno Capital and Brizan Investments.

“High-volume applications and markets are prime targets for our Quantum-accelerated products,” said Sammy Cheung, co-founder, CEO, and president of Efinix. “Combining our Quantum programmable technology and Efinity™ Integrated Design Environment, we will be launching a number of joint development projects and a new line of silicon product platforms in the coming months thanks to the funding announced today.”

Efinix’s Quantum programmable technology delivers a 4X Power-Performance-Area advantage over traditional programmable technologies. This disruptive advantage enables products accelerated by the Quantum technology to compete in high-growth markets such as custom logic, deep learning and compute acceleration.

“Efinix’s solution can address a wide variety of applications that are typically not served by today’s FPGAs,” said Salil Raje, senior vice president of Software and IP Products Group at Xilinx. “We are excited to be an investor and look forward to working with them.”

“We are thrilled to support Efinix’s growth as it accumulates design wins and grows its customer base,” said Prof. Guanhua Chen, co-founder of HKX. “The truly disruptive Quantum programmable technology addresses needs in many markets especially mobile devices and artificial intelligence.”

“Efinix’s Quantum programmable technology brings opportunity for diverse range of applications,” said representative from Samsung Ventures. “We envision many applications that feature Quantum technology embedded inside ASICs, ASSPs, or FPGAs.”

About Efinix

Efinix is an innovator in programmable products platforms and technologies. The company’s Quantum programmable technology enables advanced programmable silicon products in the ASIC, ASSP, and FPGA segments. With Quantum’s Power-Performance-Area advantage, Efinix products address the needs of high-volume, low-power, and small form-factor products for applications in custom logic, compute acceleration, and deep learning.  Efinix’s joint development activities, which focus on infrastructure, data centers, and advanced silicon processes, further amplify the company’s leadership in the programmable industry. For more information, visit http://www.efinixinc.com.

Contact:
Steve Stratz
Relevanz Public Relations for Efinix
206.300.9134
steve@relevanzpr.com

SOURCE : Efinix, Inc.