OneSpin Solutions, an EDA company that provides innovative formal assertion-based verification solutions to chip and systems designers, has secured new funding from its major shareholder, Azini Capital. The investment will finance strategic extensions to the company’s portfolio of solutions for the formal verification and equivalence checking of both SoC/ASIC and FPGA designs, together with the development and deployment of a range of solutions targeted at new adopters. The company also has announced a management change, with Raik Brinkmann, who joined the company at its inception in 2005, assuming the role of President and Chief Executive Officer, to lead and manage the company’s growth strategy.
“Since acquiring OneSpin in January 2011, we have been hugely impressed by the calibre of the team and the outstanding quality of the company’s products,” said Paul Hill, Partner of Azini Capital. "OneSpin already solves the verification challenges of several of the world’s leading semiconductor and electronic system companies. However, we share the management’s confidence that with this additional investment the company can further broaden its customer base. Our decision to invest in OneSpin underlines our confidence in the long-term future of the company.”
Brinkmann said, “While the market’s use of formal verification technology has increased dramatically in recent years, the EDA industry could do even more to address the mass market of engineers who want to adopt formal verification solutions, but have little or no expertise in their use. The new funding will enable us to address this significant market opportunity by developing and providing easy-to-use formal solutions targeted at specific, well-defined verification challenges, giving new adopters an easier and faster entry into the use of formal methods.”
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