Designing silicon chips is becoming harder as they become more complex. Celoxica’s software allows designers to write programs for a microchip that can be used for different purposes. The firm says this speeds up design, allowing Ericsson, for example, to cut the time it takes to develop new chips by about 70%.
Roger Gook and Ian Page founded Celoxica as a spin-out from Oxford University in 1996. Originally called Embedded Solutions, the company has raised £40m from venture capitalists, including Intel and Advent Venture Partners. Sales grew 237% a year from an annualised £168,000 in 1999 to £1.9m in 2001, although with large losses.
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