Latest Newbury Ventures News
Aug 1, 2018
November 01, 2004 09:00 AM Eastern Standard Time CAMPBELL, Calif.--( BUSINESS WIRE )--Nov. 1, 2004--Zenasis Technologies, Inc. an electronic design automation (EDA) company, delivering next-generation integrated circuit (IC) design optimization software, announced today that the company has raised $7 million in its third round of funding from Newbury Ventures along with existing investors Sigma Partners, Selby Venture Partners and VentureTech Alliance. This brings the total amount raised to $17 million in financing since the company was founded in 2000. In conjunction with the financing, Jay Morrison of Newbury Ventures will join the board. Funds will be used as working capital to build the sales channels and expand the research and development (R&D) efforts. "Zenasis business plan and strategic approach fit very well into our investment strategy. We believe the Zenasis next-generation software products will provide significant performance improvement and faster turnaround time for cell-based designs," affirms Jay Morrison, managing partner at Newbury Ventures. "Newbury Ventures recognizes Zenasis' unique value proposition and potential for growth," says Dr. Jay Roy, president and chief executive officer (CEO) of Zenasis. "Newbury Ventures is reputed for its tremendous experience base and wide network in the industry. We are confident the new relationship will help grow the company to the next level." About Zenasis Technologies Zenasis Technologies, Inc. is provider of next-generation design optimization technology for cell-based design, which helps in bridging the gap between ASIC and Custom IC designs. Its context-specific "hybrid optimization technology" operates simultaneously at gate, physical and transistor levels for a given design placement, and empowers designers to improve performance, power, area and routing. Zenasis helps cell-based designers to meet the demands for higher performance; faster timing closure and cost-reduction without changing their existing process technology and tool flows. The Zenasis team has a mix of experience in EDA, semi-conductor and high-performance design industries. Founded in 2000, Zenasis has received $17 million in a combination of venture and seed financing from Newbury Ventures, Sigma Partners, VentureTech Alliance, Selby Venture Partners and private seed investors. Corporate headquarters is located at: 1671 Dell Ave., Suite 100, Campbell, CA, 95008. For more information, please visit the company's website at www.zenasis.com . About Newbury Ventures Newbury Ventures was founded in 1992 with the goal of building a company known for its insight, integrity and global approach to the business of venture capital. Newbury has successfully managed investments of well over $500 million throughout the world. The firm typically invests in high growth markets within the technology, communications and IT industries. Newbury's partners have been involved with many successful companies including Oracle, Cadence, Altera, Cirrus Logic, Atmel, PMC/Sierra, Broderbund, Nellcor, Acuson, Jacada, Fundtech Ltd., Netro, ACC, Precise, Corvis, Terayon, nCipher, Okena and Highwave Optical. Newbury Ventures is based in the Bay Area of California. www.newburyven.com Zen, Zenasis and ZenTime are trademarks of Zenasis. Zenasis acknowledges trademarks or registered trademarks of other organizations for their respective products and services.