AUSTIN, Texas—(BUSINESS WIRE)—February 12, 2008— Pyxis Technology, Inc., an electronic design automation (EDA) company offering high-performance integrated circuit (IC) auto-routing software, has raised $5.25 million in an extension to its Series-B financing. This most recent round featured the addition of strategic investor KT Venture Group, LLC, the investment partner of KLA-Tencor Corporation (NASDAQ: KLAC). Existing investors Austin Ventures, CMEA Ventures and Formative Ventures also participated in this round. The new funds will be used to accelerate deployment of the Pyxis NexusRoute high-performance, yield-aware auto-router announced in September of 2007 (see http://www.pyxistech.com/pr20070925a.html).
"Pyxis Technology has a strong value proposition for their
customers," said Stefano Concina, general partner at KT Venture Group.
"Their correct-by-construction approach and their ability to tune the
IC routing to enhance design-for-manufacturing (DFM) are in alignment
with KLA-Tencor's strategy to address design-dependent manufacturing,
inspection and yield issues."
"Since the introduction of NexusRoute in Q4 2007, we have seen a
steady increase in sales activity from key semiconductor suppliers who
are aggressively moving to 45nm process technologies," said Brian
Connors, general partner of Formative Ventures. "Pyxis technology is
being validated on some of the most challenging designs in the
industry and we look forward to Pyxis using this new financing to
capitalize and expand upon their momentum."
"We continue to show customers that our correct-by-construction
architecture can deliver vastly cleaner designs at 45nm with greatly
improved router throughput, faster circuit performance, lower power
and higher predicted yield," said Phil Bishop, CEO of Pyxis. "Our
ability to seamlessly blend NexusRoute into the major EDA flows has
made it easy for our customers to quickly bring up the tool and be
productive on designs that other routers are struggling with."
"We are pleased to have the KT Venture Group join the existing
investors in Pyxis," said Krishna Srinivasan, partner at Austin
Ventures. "KLA-Tencor's strong connection into the manufacturing world
will be required by Pyxis' customers for 45nm and sub-45nm
"The Pyxis NexusRoute software is showing extremely good results
at 45nm where other routers are failing," said Faysal Sohail, managing
director of CMEA Ventures. "Combining superior routability, runtime,
timing, power reduction and DFM makes NexusRoute the router of choice
for technologies at 45nm and below."
Pyxis Technology delivers software and services to address the
problems that chip designers face in the routing of nanometer-scale
integrated circuits (ICs) and systems on a chip (SoCs). Pyxis
NexusRoute is a high performance, yield-driven auto-router,
architected for process technologies of 65nm and below. Based on open,
industry standard interfaces and easily integrated into existing
design flows, NexusRoute simultaneously optimizes design performance,
power and yield. Using NexusRoute, customers have seen as much as a 4X
improvement in design closure cycle time with faster circuit
performance, lower power and up to a 10% increase in predicted yield.
Pyxis Professional Services help customers maximize IC yield and
manufacturability by leveraging DFM and yield enhancement approaches
within their design environments. Pyxis has offices in Austin, Texas.
For more information, see www.pyxistech.com.
About KT Venture Group
Formed in 2000, KT Venture Group, LLC, the investment partner of
KLA-Tencor Corporation (NASDAQ: KLAC) and is chartered with exploring
and investing in early-stage, start-up companies in the electronics
industry. KT Venture Group targets industries that complement
KLA-Tencor's line of products and services, including; the
semiconductor, reticle, wafer manufacturing, data storage and
electronic design automation (EDA) markets. In addition, the KT
Venture Group seeks to pursue other emerging electronics markets in
which KLA-Tencor's technology and expertise can provide unique value.
Further information on KT Venture Group can be found at: