Codasip GmbH, a Munich, Germany-based supplier of RISC-V® embedded processor IP, raised $10M in Series A funding.
The round was led by Ventech Capital, Shenzhen Capital Group Co., Ltd., Paua Ventures, and strategic investor Western Digital, following the initial investment led by Credo Ventures.
The company intends to use the funds to grow its global sales and support team while expanding its product development efforts to bring RISC-V processor intellectual property and optimization tools to customers around the world.
Formed in 2006 with research and development located in Brno, Czech Republic, and led by Karel Masařík, founder and CEO, Codasip delivers processor IP and design tools that give ASIC designers the advantages of the RISC-V open-standard ISA, along with the ability to automatically optimize the processor IP.
The company currently has offices in the US and Europe, with representatives in Asia and Israel.