Cortus S.A., a Montpellier, France developer of 32-bit processor IP for embedded systems, has closed a funding round of undisclosed amount.
Investors include Credit Agricole Entreprises and Banque Dupuy de Parseval, OSEO and the Region of Languedoc-Roussillon.
The company intends to use the funding to focus on international expansion (in Asia, Europe and North America) and technical and business development plans over the next three years. It is recruiting both engineering and sales professionals.
Founded in 2005, Cortus has completed the development of a large ecosystem for its APS3 core and achieved key design wins in a variety of market segments. Cortus’ 32 bit processor cores are used in in a wide range of embedded applications (including SIM card security, low energy Bluetooth, video processing, touch screen controllers, automotive sensors and smart meters) where small silicon footprint, low power consumption, good code density/small code memory size and high performance are important.
APS3 licensees include Schneider, Taegee/MagnaChip, E2V, Coronis/Elster, SightIC/Broadcom, Certicom/RIM, PointChips, Discretix, CEA, AAI/MicroSemi, StarChip, etc.
FinSMEs
22/09/2011