Enigma Semiconductor receives major investment  

2004.03.25
The chip developer has received a DKK 77 million investment to complete a chip prototype aimed at improving data communication efficiency

Enigma Semiconductor has received a DKK 77 million (USD 13 million) investment to complete the development of a chip prototype for the network and storage sectors. The aim of the chip is to make data communication more efficient. The investors are a consortium comprising Germany's Techno Venture Management, the Danish Fund for Industrial Growth, Northzone Ventures and the two Swedish venture capital companies Innovationskapital and Startupfactory.

 

Søren Christensen, investment manager at the Danish Fund for Industrial Growth says the chip is a very exciting product. It is of a type called switch fabric, used for example in routers to handle internally communicated data. According to Søren Christensen, Enigma Semiconductor's technological breakthrough can avoid large chunks of system costs.

 

The new investment means that 10 more people will be employed in Denmark in the next months. The chip product is expected to be launched at the latest in 2005. Engima Semiconductor has its development activities based in Allerød close to Copenhagen and its sales and marketing activities in California. The news is reported by Computerworld online.

 

Link > Enigma Semiconductor 

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