Wednesday, March 17, 2010

(TECH) Fabless Semiconductor Company Lucid Raises $8 Million From Rho Ventures, Giza & Genesis

"Fabless semiconductor company LucidLogix Technologies (Lucid) has raised $8 million in funding from current investors Rho Ventures, Giza Venture Capital and Genesis Partners, bringing total capitalization to $40 million.

Lucid has developed a real-time distributed processing engine (system-on-a-chip) that allows efficient load-balancing of multi-GPU environments using any GPU vendor. Lucid HYDRA 200 real time distributed processing engine use in consumer gaming and professional PC devices.

The HYDRA 200 Chip already integrated into Intel Core i7 and Core i5 processors and with the Intel P55 Chipset. In addition, the world-leading graphics card and mainboard manufacturer, MSI, has announced a technology partnership with LucidLogix to deliver a more advanced gaming experience.

“The confidence level of our investors has come from our ability to successfully launch and deliver our second generation HYDRA 200 product to mass production, which is already on motherboards from one of the top three manufacturers in the world, MSI, and with more partners in the pipeline,” said Moshe Steiner, Lucid CEO. “The additional investment will enable the company to expand to international markets and boost sales.”

“Lucid is making the natural transition from a research and development startup to a silicon-product company,” said Offir Remez, Lucid co-founder and President. “We are working with leading strategic partners in the PC market during this critical time to deliver on our promises and grow the company, therefore the ongoing support by our investors is extremely valuable.”

Lucid is a fabless SoC provider, headquartered in Kfar Netter, Israel with sales and marketing in Santa Clara, California. Lucid’s innovations are protected by more than 60 patents and patents pending." (source)

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