Pyxis Technology Raises $3.0M in Expansion Capital
Leading EDA IC Routing Company Uses Capital to Introduce
New High-performance Custom Routing Technology
AUSTIN, Texas, April 7, 2009 -- Pyxis Technology, Inc., an electronic design
automation software (EDA) company that offers auto-routing software to developers
of high-performance integrated circuits (ICs), has raised $3.0 million in financing
to accelerate the deployment of its new High-performance Custom (HPC) routing
product, NexusRoute-HPC. Investors participating in this financing include
Austin Ventures, CMEA Ventures, Formative Ventures and KT Venture Group.
"There is a dire need for automation in chip finishing, high-performance
digital and analog design flows", said Jim Solomon, Pyxis board member and
founder of Cadence Design Systems. "The next great battleground in EDA is
the custom design arena. Pyxis NexusRoute-HPC is an OpenAccess-based
plug-and-play routing technology that, when coupled with today’s leading
physical layout editors and placement technology, enables groundbreaking custom
design flow productivity"
"We’ve seen significant demand for our NexusRoute family of
routing products, which also includes NexusRoute-SOC, our flagship product
designed for high-performance digital standard-cell and block-based designs at 45nm
and below", said Phil Bishop, CEO of Pyxis Technology. "NexusRoute-HPC
is generating revenue for us today and will extend our performance advantages to
designers of high-performance custom IC’s. The newly-raised capital enables us
to extend our market leadership by accelerating our sales and marketing efforts."
"Over the last year we have seen a steady increase in sales activity from key
semiconductor suppliers that are aggressively moving to advanced process technologies",
said Brian Connors, general partner of Formative Ventures, one of the firms investing in
this financing. "Pyxis Technology’s new strategic shift into the custom design
arena provides an outstanding opportunity to capitalize on their proven world-class
technology while expanding upon their sales momentum."
"The Integration of NexusRoute-HPC with our Laker Layout System holds
great promise for improving custom layout automation", said Scott Sandler,
president of SpringSoft USA. "SpringSoft is working with Pyxis and customers
to show how this new high-performance routing technology, coupled with an advanced
custom layout system, helps them create better layout with less effort."
About Pyxis
Pyxis Technology delivers software solutions to address the problems that chip
designers and foundries face in the physical design, layout, and routing of
nanometer-scale integrated custom design circuits (IC’s) and systems on a chip
(SoC’s). Pyxis NexusRoute-HPC is a next-generation custom design routing
technology architected to support the needs of today’s digital and analog
custom designers. NexusRoute-HPC reduces design time from weeks to hours by
providing highly automated hierarchical custom routing and an integrated "what-if"
analysis capability. Pyxis NexusRoute-SOC is a next-generation SoC digital routing
technology optimized for advanced technologies 45nm and below. All NexusRoute
technology is based on open, industry-standard interfaces and is easily integrated
into existing industry leading design flows. For more information, see
www.pyxistech.com.
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Media Contact:
Linda Marchant , Cayenne Communication
919-451-0776, linda.marchant
cayennecom.com
