• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Hyderabad June 7 iKoa Corporation, a fabless semiconductor company, has said that it has secured $9.4 million in Series A venture capital funding that was led by Global Catalyst Partners and joined by Khosla Ventures.

The funding will support technology development and engineering to develop commercial products based on the iKoa technologies.

The iKoa's semiconductor technology is designed for consumer-oriented faster high-performance computing products that are low on power consumption. Computing and signal processing-intensive applications such as voice processing, high definition video, communications, and imaging are examples of applications that can benefit from the iKoa technology.

The President and CEO of iKoa, Mr Prakash Agarwal, in a statement said, "we have developed a technology that ultimately offers mobile consumer products more features and functionality while saving power to help extend battery life. Garnering the financial and strategic support of Global Catalyst Partners and Khosla Ventures is a significant validation of our approach."

iKoa Corporation, with office in Menlo Park (Silicon Valley) and engineering and development centre in Hyderabad, has sought patent for its semiconductor design technology.

Mr Vinod Khosla of Khosla Ventures said "Technology that disrupts the fundamental barriers of semiconductor design at 65nm, 45nm and below stands to change the way products are conceived, designed and manufactured. iKoa has developed innovative techniques to cost-effectively design and manufacture small-geometry semiconductor products."

Mr Kamran Elahian of Global Catalyst Partners, said "iKoa's technology fills a large market need and bridges a market gap not available with current technology."

More Stories on : Venture Capital | Hardware

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
R&D helps TCS save Rs 33 cr

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line