Codasip secures $2.8m investment for ASIP technology
25 April 2014
Application-specific processor developer Codasip, has announced that it has closed its first round of
public funding totalling US$2.8 million. This new investment will be
used to further develop Codasip’s unique technology that enables
ASIP’s to be programmed using the same standard flows as existing
This innovation is key to eliminating the traditional
complexity associated with ASIP designs and transition ASIP usage
from a niche into mainstream design. Funding is being led by Credo
Ventures, a venture capital firm based in the Czech Republic, and
includes additional funds from multiple private investors.
The rapid growth of mobile devices, the internet of things (IoT)
and personalised medicine is driving demand for extremely low power
processors that perform very specialized tasks. ASIP’s address this
need by optimizing the processor instruction set to the needs of the
application, or class of applications. This optimization can improve
performance by orders of magnitude over traditional processing
However, traditional approaches require highly
specialized knowledge and are complex to deploy. Codasip’s unique
electronic design automation (EDA) tools and IP make it extremely
easy to develop and program ASIP designs, delivering the power of
ASIP with the simplicity of standard processors.
"Codasip is changing how ASIPs are designed today and we are
happy to help the company expand to new markets." said Vladislav Jez,
Partner at Credo Ventures.
“We are extremely excited by what this
new funding will enable us to do.” said Karel Masarik, CEO Codasip,
Ltd. “After being specialized products for many years, some form of
ASIP now exists in every semiconductor-based product. Codasip’s
uncompromising vision to deliver the performance that ASIP’s offer,
while utilizing industry standard design, development, and
programing flows, means we are perfectly positioned to take
advantage of this rapidly growing opportunity. Additionally, our
Codix extensible processor IP and subsystems mean that even
companies that have never dealt with this technology can benefit
with minimal effort.”
Codasip recently released version 2.0 of the Codasip Studio ASIP
platform, further extending its technology leadership in the market.
This new funding will be used to accelerate the existing product
roadmap for EDA tools, as well as expanding the range of Codix IP
cores that it will bring to market.
In addition to expanding R&D activities the funding will be used
to enable international expansion. Formed in 2006 and headquartered
in Brno, Czech Republic, Codasip has recently expanded its
business development and sales presence in the US, and Europe, and
will be expanding to other regions during the remainder of 2014.