Tilera Closes $25M Series C Round of Financing

Tilera Corporation, a developer of high-performance multicore processors, has completed a $25m series C financing.

The round was oversubscribed and included funds from three new strategic investors:
Broadcom Corporation
Quanta Computer
NTT Financing Corp.
The company will use this round of funding primarily to broaden its product portfolio and for the expansion of sales activities.
This brings the total venture capital investment in Tilera to $64m.
The company has two product families, the TILE and TILEPro™, currently shipping to customers in networking, wireless infrastructure, communications and cloud computing markets.
In October 2009, Tilera announced its TILE-Gx™ family, which will begin sampling later this year.
The company is headquartered in San Jose, Calif., with locations in Westborough, Mass., Yokohama, Japan, Shanghai, China and Beijing.

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