Rapid Silicon Announces $30M Series A Round
Rapid Silicon announced its $30M Series A Round. The company has closed $15M in funding from Cambium Capital and others, including all existing investors from its seed round. The second close is planned for Q1 2023.
This latest round of funding will be used to further invest in Rapid Silicon’s product portfolio, support the launch of its premier mid-range FPGA product, Gemini, and to build on the company’s momentum in leading the adoption of open-source software for commercial applications.
Gemini is a programmable logic device (PLD) that is power optimized for the massive sensor processing needs, tight thermal profiles, and shrinking form factors required by embedded and edge applications. Rapid Silicon’s software, Raptor Design Suite, is the world’s first commercial FPGA EDA suite based on end-to-end open-source software. The Raptor Design Suite outperformed all leading EDA tools in the recent École polytechnique fédérale de Lausanne (EPFL) Combinational Benchmark Suite competition.