Stretch Inc., a Sunnyvale, CA-based fabless semiconductor company providing software configurable processors for compute-intensive applications, has raised $5m in a Series C funding.
The company intends to use the capital to expand the adoption of its solutions based on the S7000 family of software configurable processors and for development of its next-generation products.
Led by president and CEO Craig Lytle, Stretch delivers a family of software configurable processors. Configurable through C/C++ programming tools the devices are used in video processing, machine vision, networking, and wireless applications worldwide.
The company has more than sixty employees, and offices in Shanghai, China; Krefeld, Germany; and Tokyo, Japan.
It has received 23 patent awards.