Tech Company Financing Transactions

VeriSilicon Funding Round

Austin Ventures and Sierra Ventures joined a $14.8 million Series C funding round for VeriSilicon. The round was announced on 7/6/2006.

Transaction Overview

Company Name
VeriSilicon
Announced On
7/6/2006
Transaction Type
Venture Equity
Amount
$14,800,000
Round
Series C
Investors

Austin Ventures (Lead Investor) (Clark Jernigan)

Sierra Ventures (Lead Investor) (Benjamin Yu)

Proceeds Purpose
The Company will use the funding to finance the acquisition of the assets of the ZSP® Digital Signal Processor business unit of LSI Logic Corporation (NYSE: LSI); as part of this series-C funding, LSI Logic will also receive a certain number of VeriSilicon shares as part of the consideration for the recent acquisition of the assets of ZSP. In addition, the investment will support the Company's expansion of its operations, sales & marketing and engineering teams.

Company Information

Company Status
Private & Independent
Industry
Semiconductors
Mailing Address
2150 Gold St. 200
San Jose, CA 95002
USA
Phone
(408) 844-8560
Website
www.verisilicon.com
Email Address
[email protected]
Overview
VeriSilicon Holdings Co., Ltd., a fabless ASIC design foundry focusing on providing semiconductor IP, design services and turnkey service including manufacturing, packaging, testing, and delivery.
Profile
VeriSilicon LinkedIn Company Profile
Social Media
VeriSilicon Company Twitter Account
Company News
VeriSilicon News
Facebook
VeriSilicon on Facebook
YouTube
VeriSilicon on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Wayne Dai
  Wayne Dai LinkedIn Profile  Wayne Dai Twitter Account  Wayne Dai News  Wayne Dai on Facebook
Chief Financial Officer
Wenqian Shi
  Wenqian Shi LinkedIn Profile  Wenqian Shi Twitter Account  Wenqian Shi News  Wenqian Shi on Facebook
Executive Vice President
Wei-Jin Dai
  Wei-Jin Dai LinkedIn Profile  Wei-Jin Dai Twitter Account  Wei-Jin Dai News  Wei-Jin Dai on Facebook
General Manager
Haocheng Fan
  Haocheng Fan LinkedIn Profile  Haocheng Fan Twitter Account  Haocheng Fan News  Haocheng Fan on Facebook
Vice President
Tony Qian
  Tony Qian LinkedIn Profile  Tony Qian Twitter Account  Tony Qian News  Tony Qian on Facebook
VP - Sales
David Jarmon
  David Jarmon LinkedIn Profile  David Jarmon Twitter Account  David Jarmon News  David Jarmon on Facebook

 

 

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Prev: 7/5/2006: IGA Worldwide venture capital transaction
Next: 7/6/2006: InSilica venture capital transaction

 

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