Codasip Secures $10M In Series A Financing To Expand RISC-V Processor Technology Offerings

Codasip GmbH, the leading supplier of RISC-V^® embedded processor IP, announced today that it has raised $10M in a Series A investment round led by private equity firms Ventech Capital of Paris, France, Shenzhen Capital Group Co., Ltd. of Shenzhen, China, Paua Ventures of Berlin, Germany, and strategic investor Western Digital, following the initial investment led by Credo Ventures of Prague, Czech Republic.
This investment will allow Codasip to grow its global sales and support team while expanding its product development efforts to bring best-in-class RISC-V processor intellectual property and optimization tools to customers around the world.
“The RISC-V movement is growing at a rapid pace and transitioning from an era of raising awareness to an era of customer adoption,” stated Christian Claussen, General Partner of Ventech Capital and a board member of Codasip. “Codasip have the tools and expertise developed over the last decade to create a broad portfolio of licensable RISC-V processors and bring them to market. Ventech Capital is confident that Codasip will continue to provide innovative products to the semiconductor industry.”
 
To read more, please visit: https://www.businesswire.com/news/home/20181204005388/en/Codasip-Secures-10M-Series-Financing-Expand-RISC-V.