Altos Closes $1.5M First Round of Funding

Jim Hogan joins board of directors

Santa Clara, California – January 8, 2007 - Altos Design Automation Inc. today announced that it has closed its Series A round of venture capital funding. Vista Ventures lead the $1.5 million transaction with Vista’s Jim Hogan joining the Altos board of directors.

As a consequence of the VC funding and along with burgeoning demand for SSTA (statistical static timing analysis) tools, Altos will move to new offices at 4020 Moorpark Avenue, in San Jose, California. The new offices gives Altos approximately five times its current office space, to accommodate expanded operations in engineering, sales, marketing and corporate functions. Altos currently supports semiconductor and IP customers in the U.S, Japan and Taiwan.

Hogan stated, “Fundamental to the new world of eDFM* are the underlying models and libraries. We invested in Altos because they have already demonstrated and validated break-through technology in library creation that is an order of magnitude faster than existing in-house and commercial characterization solutions. Without an efficient and accurate method of creating statistical models eDFM will not be able to deliver on its promise of improved design productivity and increased yield.”

* eDFM = electrical design for manufacturing

The funds will be used principally to expand Altos’ application engineering and R&D teams.

About Altos

Altos Design Automation provides ultra-fast, fully-automated characterization technology for the creation of library views for timing, signal integrity and power analysis and optimization. Altos advanced modeling solutions are used by both corner-based and statistical-based design implementation flows to reduce time to market and improve yield. 

Privately held, Altos was founded in 2005 in Santa Clara, CA. Its new corporate headquarters are at 4020 Moorpark Avenue., Suite 100, San Jose, CA 95117, Telephone: (408) 980-8056. On the Web at: http:www.altos-da.com