It will use newly-raised capital to scale sales and technical support channels, as well as promote its InTime software
Singapore-based semiconductor chip optimisation design startup Plunify has announced it has raised a US$2 million Series A funding from Kumpulan Modal Perdana (KMP), a Malaysian venture capital and investment firm specialising in advanced engineering technologies.
It will use the newly-raised capital to scale sales and technical support channels, as well as extend its marketing reach to promote its InTime software – this includes educating FPGA design companies on how to use InTime to solve design problems and speed up their products’ Time to Market.
FPGA or Field-programmable gate array is a programmable chip, allowing manufacturers to design and implement an array of digital functions into it. Some applications of this include medical instruments, security hardware, consumer electronic and sophisticated defense equipment.
Plunify’s cloud-based InTime software claims to solve several pain points faced by FPGA designers which range from insufficient power, tight delivery deadlines, lack of technical expertise, and several other software and hardware limitations.
Using its timing closure acceleration capability, InTime analyses an FPGA design and determines the best synthesis and place-and-route (physical placement of circuitry on the chip) optimisation strategies, including correlations between the design structure, FPGA resources and the design constraints.
In addition, it is able to detect and diagnose designs errors. The software also employs Big Data and machine learning techniques to pick up user’s design style that can applied on subsequent designs and suggest improvements.
“Every design is unique in its merits and also in its flaws. Our proprietary algorithms and data models exploit such insights to solve customers’ problems,” said Harnhua Ng, CEO of Plunify, in a press release.
Founded in 2009, Plunify has users in 30 countries and 200 different organisations.
These include major electronic manufacturers such as Huawei and Fiberhome, which it claims were able to accelerate their projects completion time by 25 per cent using InTime.
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