Sep 23, 2019

December 01, 2003 07:35 AM Eastern Standard Time FRAMINGHAM, Mass.--( BUSINESS WIRE )--Dec. 1, 2003--DAFCA Inc., a provider of electronic design automation (EDA) software tools, today announced it has raised $8 million in its first round of venture financing. The investment round, led by Kodiak Venture Partners, also included investors 3i US, Bay Partners, New Venture Partners and Vista Ventures. DAFCA will use the new financing to complete the development and launch of its tool set. "This level of endorsement from a top-tier, bi-coastal syndicate, coupled with our international partner, means we can devote our full attention to our customers and their needs," said Peter Levin, President and CEO of DAFCA. "We are completely focused on building our team and working with customers to help them build system-on-chip products." Co-founded by Levin, EDA veterans Miron Abramovici, CTO and Al Dunlop, Vice President of Engineering, DAFCA concentrates on system-on chip (SoC) infrastructure. "DAFCA's founding team members are all 'A' players, who have attracted top talent and opened the doors to customers and partners," said Mike O'Neill, Partner, Kodiak Venture Partners. "With its unique approach, there's no question DAFCA is well positioned to become a leader in the rapidly emerging EDA tools for the SoC space." Prior to DAFCA and while a general partner at TVM, Peter Levin co-led an investment in Carnegie Mellon spin-out NeoLinear, a deal widely credited for refreshing venture interest in EDA. Abramovici authored the industry standard text on IC testing and Dunlop led the development team of the ORCA FPGA, and was a prior chairman of the Design Automation Conference. Abramovici and Dunlop are IEEE Fellows, and worked together for nearly ten years at Lucent. Marko Mascheck, Partner at 3i US, Bob Williams, General Partner at Bay Partners and Mike O'Neill join Peter Levin and John Stockton on DAFCA's board of directors. About DAFCA DAFCA is an electronic design automation (EDA) software company developing a product suite for the creation of flexible Systems-on-Chip (SoC) solutions, which results in faster time-to-market and lower chip development costs. About 3i 3i is a leading international venture capital company with U.S. offices in Menlo Park, CA and Waltham, MA. Operating since 1945, 3i has invested worldwide over $24 billion, including co-investment funds, with a total staff of 800 employees operating out of over 30 offices in 14 countries. 3i leverages this worldwide presence to add value to its portfolio companies and investment partners. In the United States, 3i concentrates on early and late stage technology investments in companies with the potential to be leaders in their markets. Outside the USA, 3i invests broadly in buyouts, growth capital and venture capital. Since opening its US businesses in 1999, 3i has become one of the most active early and late stage VCs in the US. Recent investments in early stage companies include SiGe Semiconductors, Cometa Networks, Bitfone, Knowmadic, Sonim and OmniGuide. 3i has been equally active on the late stage, with recent investments in Skystream Networks, Placeware, AppShop, Top Layer and SCP. Visit 3i and its portfolio at www.3ius.com . About Bay Partners Bay Partners is an early-stage Silicon Valley based venture capital firm with over $1 billion in capital under management. Since 1976, Bay Partners has invested in more than 250 infrastructure technology companies. The firm focuses its investments in wireline, wireless, and enterprise services, software, equipment, and components/semi-conductors. For more information, visit www.baypartners.com . About Kodiak Venture Partners Kodiak Venture Partners is a Waltham, Massachusetts-based venture capital firm focused on seed and early stage investments in emerging communications/IT, semiconductor and software companies. With a focus in the eastern regions of the U.S. and Canada, Kodiak Venture Partners builds relationships with entrepreneurs seeking accelerated market success. Kodiak's investment partners are successful high-technology business entrepreneurs who take a high-impact, hands-on approach to forming, operating, building and funding market leaders. For more information, visit www.kodiakvp.com .