Tilera Closes $45m Funding Round

Tilera Corporation, a San Jose, Calif., developer of highly scalable general purpose multicore processors for networking, wireless, and multimedia infrastructure applications, closed a $45m round of funding.
The round was led by Artis Capital Management, with participation from WestSummit Capital Management, Comerica Bank, Walden International, Bessemer Venture Partners, Columbia Capital, Cisco Systems and Samsung Venture Investment Co.
Tilera intends to use the capital to accelerate the development of its fourth-generation processor family, to expand sales and marketing, and launch new products in the cloud computing and communications markets.
Tilera provides two product families: TILE64™ processors and TILEPro™ processors, with its latest TILE-Gx family planned for early 2011. The processors are based on the company’s iMesh™ architecture that scales to hundreds of RISC-based cores on a single chip.
Founded in 2004 and led by CEO Omid Tahernia, the company operates offices in Westborough, Mass., Yokohama, Japan, Shanghai, China and Beijing.
Previous strategic investors include Broadcom Corporation, NTT Finance, VentureTech Alliance, and Quanta Computer.

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