Kleiner Perkins and Vinod Khosla invest additional $7.5 million in eASIC.(Kleiner Perkins Caufield & Byers)(Brief Article)

Wireless Design & Development, June, 2005

eASIC[R] Corporation announces that it has secured $7.5 million in equity financing from Kleiner Perkins Caufield & Byers (KPCB) and Vinod Khosla. As follow-on to the previous investment of $5 million in May 2004, this additional venture capital funding is a vote of confidence in the company's breakthrough technology and fast growth.

The funding will be used to expand the company's global operations, including marketing and sales, and to develop the next generation configurable logic and structured ASIC products in 65 nm.