Carbon Design Systems Raises $6 Million in Venture Funding After Successful 2007

Carbon Design Systems

Carbon Design Systems Raises $6 Million in Venture Funding After Successful 2007

January 9, 2008

Success Attributed to Carbon Model Studio Launch, New Customers, Partnerships with ARM, CoWare; Plans Move to New Corporate Headquarters to Support Hiring

WALTHAM, Mass.--(BUSINESS WIRE)--Carbon Design Systems™, the leading supplier of tools for the automatic creation, validation and deployment of virtual hardware models, today announced it has closed a round of funding totaling $6 million, after a successful Fiscal Year 2007.

This success is attributed to the launch of Carbon Model Studio that has helped increase Carbon’s customer base by two new customers each month and strengthened key partnerships with ARM and CoWare®. Carbon Model Studio has been named a finalist in the System-Level Design Tools category of this year’s DesignVision Awards.

Funding will be used to continue building momentum and hiring experienced engineers to help round out Carbon’s product offerings. Investors include Commonwealth Capital, Flagship Ventures and Matrix Partners, all of Massachusetts.

Additionally, Carbon will move to new corporate headquarters in Acton, Mass., in late January to support its growing staff.

“We finished 2007 right on plan, positioning ourselves well for 2008,” says Rick Lucier, Carbon’s president and chief executive officer. “We intend to keep the momentum going through the new year and beyond, by further developing our products to build a strong and loyal customer base.”

About Carbon Design Systems

Carbon is the leading supplier of system-level tools to automatically create, validate and deploy software models generated from Verilog and/or VHDL descriptions. Carbon’s models are used in conjunction with SystemC simulation platforms to enable architecture profiling and software validation in parallel with hardware development. Problems can be found and resolved early in the design cycle, rather than waiting for prototypes to be built or silicon to be delivered. Its solutions are based on open industry standards, including SystemC, SCML, Verilog, VHDL, OSCI TLM, MDI, CASI, CADI and CAPI. Carbon’s customers are systems, semiconductor, and IP companies that focus on communications, networking, and consumer electronics. Carbon is headquartered at 375 Totten Pond Road, Waltham, Mass., 02451. Telephone: (781) 890-1500. Facsimile: (781) 890-1711. Email: info@carbondesignsystems.com. Web site: www.carbondesignsystems.com.

Carbon Design Systems acknowledges trademarks or registered trademarks of other organizations for their respective products and services.

Contact:

Public Relations for Carbon Design Systems
Nanette Collins, 617-437-1822
nanette@nvc.com