OneSpin Solutions, a Munich, Germany-based Electronic design automation (EDA) company that provides innovative formal assertion-based verification solutions to chip and systems designers, has secured funding from Azini Capital, its major shareholder.
The company intends to use the funding for strategic extensions to its portfolio of solutions for the formal verification and equivalence checking of both SoC/ASIC and FPGA designs, the development and deployment of a range of solutions targeted at new adopters, as well as expansion of its sales and distribution network.
In addition to the transaction, Raik Brinkmann, who joined the company at its inception in 2005, has appointed as President and CEO.
OneSpin Solutions, which has its US offices in Los Gatos, CA, serves telecommunications, automotive, consumer electronics, and embedded systems companies.
FinSMEs
31/05/2012