Tilera Grabs $25 Million From Chip Investors

Tilera, a company that develops multicore processors, has raised $25 million in series C funding from Broadcom Corporation, Quanta Computers and NTT Financing. This brings Tilera’s total funding to $64 million

Tilera says the funding will be used to expand sales operations and for product development. Founded in 2004, Tilera designs multicore embedded processors for networking, digital multimedia, and wireless infrastructure markets. The company offers multicore processors for processing and power requirements, multicore software development tools, and boards. Its products include TILEPro, a multicore processor, which delivers the performance computing for embedded applications.

Tilera investor and semiconductor giant Broadcom just closed the acquisition of chip developer Teknovus for $123 million.