FPGA startup Tier Logic folds

Dylan McGrath
7/22/2010 3:16 PM EDT

SAN FRANCISCO—Tier Logic Inc., a programmable logic startup developing a novel processing technology to build FPGA and ASIC products on a single die, has folded, EE Times has learned.

TierLogic (Santa Clara, Calif.) shut down operations last week, unable to find funding for a series B round, according to Paul Hollingworth, Tier Logic's vice president of sales and marketing.

"Despite the fact that we had only spent less than $20 million, we couldn’t get a lead investor to come in to a series B funding round," Hollingworth wrote in an email to EE Times.

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