Silicon Valley cloud startup Nimbic is blowing the trumpet about a Series B financing round that brought in $6.9 million.
New investor Austral Capital joined prior round investors Madrona Venture Group and WRF Capital to pony up the money.
The financing will go toward accelerating deployment of Nimbic’s cloud computing efforts in 3D electromagnetic signal integrity, power integrity and EMI analysis.
“By taking the solutions to the cloud, we feel that Nimbic will revolutionize the way EDA software is consumed by the industry, Austral Capital managing director Gonzalo Miranda said in ‘revolutionary’ hyperbole typical of investor announcements.
Indian Startup
IIT Delhi alumnus Vikram Jandhyala, Professor and Director of the Applied Computational Engineering Lab at the University of Washington, founded Nimbic (formerly known as Physware).
Jandhyala serves as Chief Technologist at Nimbic, which is headquartered at Mountain View, California.
Nimbic Launches Beta
Concurrent with its funding announcement, Nimbic also rolled out the open beta of its nCloud scalable and secure cloud computing platform for electronic design automation. Continue reading »
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