Pyxis Technology gets $3.0 million funding

VLSI EDA tool vendor, Pyxis Technology has received $3.0 million financing from investors, which includes Austin Ventures, CMEA Ventures, Formative Ventures and KT Venture Group.

It looks like the investors are convinced about the market potential of Pyxic IC design tool NexusRoute-HPC. VLSI design industry definitely looking for new tools, which can help them save design time from present months to weeks. It's not an easy game. This EDA tool NexusRoute-HPC from Pyxis Technology is said to be saving time in the above said proportions. In this odd drought kind of season for VC funding, a funding of 3 million US$ to speed up the deployment of this product indicates some power in this product.

"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 ICs. 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."