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Bluespec Secures Series C From Existing Investors

Thursday, November 01, 2007 5:00:00 AM PDT | VentureDeal Staff

WALTHAM, MA -- EDA company Bluespec, Inc. said that it has raised a third round of venture capital financing, receiving $4.25 million from existing investors.

Bluespec has developed an industry standards-based EDA toolset that "significantly raises the level of abstraction for hardware design while retaining the ability to automatically synthesize high quality RTL..."

Investors in the round included Atlas Venture and North Bridge Venture Partners.  The company said the working capital would be used for sales and marketing expansion as well as continued product development.

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