San Jose-Based Tilera Raises $25 Million in Third Round

San Jose, Calif. -- Tilera, a San Jose-based developer of multicore processors, said on Monday that it has raised $25 million in its third round of funding, from new investors Broadcom, Quanta Computer and NTT Financing. The company, which has raised $64 million since its inception in 2004, plans to use the proceeds to broaden its product portfolio and expand sales activities. Tilera has two product families, the TILE and TILEPro, currently shipping to customers in the networking, wireless infrastructure, communications and cloud computing markets. A third line is due out late this year.
http://www.tilera.com/
http://www.marketwire.com/press-release/Tilera-Closes-C-Round-Financing-With-25-Million-1127916.htm
http://www.marketwire.com/press-release/Tilera-Receives-Investment-From-Broadcom-NASDAQ-BRCM-1127897.htm