eSilicon secures $6M investment - News Flash - Brief Article

Electronic News, Feb 25, 2002 by Liz Neely

PRIVATELY HELD ESILICON CORP. LAST WEEK SECURED $6 million in financing from Fremont Ventures, completing its most recent funding round of $17 million.

Santa Clara, Calif.-based eSilicon is a fabless company that specializes in ASICs. It was founded in 1999 and employs about 65 people. Fremont Ventures' sole limited partner Fremont Group is a private investment firm with $11 billion under management. This most recent round of funding also included Crosspoint Venture Partners, Texas Pacific Group and a number of individual private investors.

"Our investment in eSilicon affirms the undeniable fact that the fabless ASIC model is leading the next wave of innovation in the semiconductor industry," said Keith Lobo, a general partner of Fremont Ventures and eSilicon director, in a statement. "By providing customers with outstanding internal engineering resources and a flexible and well integrated supply chain, eSilicon offers the resources of experienced ASIC providers with an engagement model that is far better suited to today's marketplace."