SiliconBlue raises $18 Million in Series D Funding

Update: Lattice Semiconductor to Acquire SiliconBlue (Dec 09, 2011)

Atlantic Bridge leads round to support introduction of next-generation 40-nm mobileFPGA devices, fueling innovation and growth in Mobile Handset Applications

SANTA CLARA, California, June 29, 2011 - SiliconBlue® Technologies, the leader in Custom Mobile Device™ solutions for handheld applications, today announced the closing of an $18 million Series D funding. Proceeds from the financing will be used to bring SiliconBlue’s next-generation 40-nm, ultra-low power, standard CMOS process mobileFPGA™ device families to market. Atlantic Bridge, a Dublin- and London-based private equity firm focused on domain-specific investments in late-stage and growth capital, led the financing, with the existing group of investors including BlueRun Ventures, Crosslink Capital, NEA and Apex Venture Partners all participating. Brian Long, a Partner at Atlantic Bridge, has been elected to the SiliconBlue Board of Directors.

Current generation 65-nm mobileFPGA products are in volume production and provide custom sensor management, display management, power management and port expansion functions in mobile consumer products such as smartphones, tablets, eReaders, and digital still cameras. “Series D funding will support the rollout of our next-generation 40-nm families targeting support of the explosion of sensors in handheld applications as well as support of DVI and MIPI interfaces designed for video, multi-display, and high-bandwidth memory interface applications,” said Kapil Shankar, CEO of SiliconBlue. “We appreciate the continued support of our investors and welcome Brian and Atlantic Bridge to our company.”

"We are excited about SiliconBlue’s leadership position in the emerging mobile market proven by the rapid adoption of their 65nm products," said Brian Long, General Partner, Atlantic Bridge. “We believe SiliconBlue has positioned itself uniquely in a fast-growing industry and have full confidence in its success.”

About Atlantic Bridge

Atlantic Bridge is a private equity firm investing in Middle Market Technology assets across Europe, with offices in Dublin and London. The firm focuses on making domain-specific investments in expansion capital, late-stage venture capital, and small buy-out transactions. The Atlantic Bridge portfolio currently consists of companies in the communications technology, semiconductor and software sectors. Atlantic Bridge brings together a unique team of technology entrepreneurs, experienced managers, finance professionals and investment experts, with over 100 years of international business experience. The team has worked together in various capacities for the last 10-20 years, bringing a true partnership approach to the firm and its investments. For more information, please visit www.abven.com.

About SiliconBlue

SiliconBlue Technologies is the leader in Custom Mobile Device solutions. The company offers custom solutions for handset applications, including IP, design services and a new class of ultra-low power, single-chip, CMOS SRAM mobileFPGA devices with patented non-volatile configuration memory (NVCM). The company is headquartered in Santa Clara, California, with offices in China, Taiwan, Korea, and Japan. For more information, please visit our website at http://www.siliconbluetech.com.