GVT Fund leads Series C financing to capitalize on exponentially growing market.
S2C Inc., maker of high-performance, high-capacity rapid SoC/ASIC prototyping systems, announced today the completion of US$4.6 million Series-C financing led by GVT Fund and Industrial Technology Investment Corp (ITIC). This round of funding will enable S2C to expand its sales and support channels, while fueling R&D to advance the state of the art and transform rapid prototyping into a cloud-based, enterprise resource.
"We are honored by GVT Fund's confidence in our ability to deliver scalable, high-performance prototyping solutions," said Toshio Nakama, CEO of S2C. "FPGA-based prototyping enables rapid design exploration, hardware realization and pre-silicon software development – it's an essential tool for companies developing complex hardware and software systems. S2C has been delivering rapid prototyping solutions for more than 10 years with over 200 customers world-wide."
"A number of Fortune 500 companies, many in the infrastructure software industry or consumer system businesses, have adopted S2C rapid prototyping for advanced product development. We believe infrastructure software and consumer system companies will drive the next wave of software-hardware co-development," said Herb Lin, Managing Partner of GVT Fund. "The market demand is fueled by exponential growth in design complexity, time-to-market pressures, user experience dominated by software, re-use of IP cores, and the high cost of SoC design. S2C maintains a solid financial position, and is perfectly poised to capitalize on this new trend. GVT is proud to assist them in transitioning to be a global leader in this exciting market."
