Interactive Silicon Inc. Successfully Completes Second-Round Funding; Several Corporations Take a Stake in the Austin Start-Up
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Story Filed: Monday, December 06, 1999 10:14 AM EST
AUSTIN, Texas, Dec 6, 1999 (BUSINESS WIRE) -- Interactive Silicon Inc. ("ISI") announced today that it has successfully closed its second round of funding.
The round included several corporate investors, including Dell Computer Corporation, Siemens Venture Capital and Synopsys Inc., as well as venture funding from Austin Ventures and TVM Techno Venture Management.
Also participating in the second round funding were several individuals from the Band of Angels(tm), as well as the Band's own investment fund. This investment marks the first time this Silicon Valley organization has invested outside of California. "ISI epitomizes the innovative new technology being developed in Austin," noted Hans Severiens, a Manager Member of the Band of Angels Fund, L.P. "ISI's innovations represent a new way of bringing more performance to servers and workstations."
ISI's technology is aimed at improving the performance of a computer's memory subsystem by managing the data more efficiently. "There are rather dramatic forces going on in the memory marketplace today such as the large swings in pricing and the race to increase bandwidth with DDR and Rambus," noted Interactive Silicon's CEO, Jim Garrett, formerly President of Micron Technology. "These forces demand that computer system OEMs get every bit of performance from their memory subsystem. Our technology will do just that in a novel way."
About Interactive Silicon Inc.
Founded in Austin in 1998, ISI is a fabless semiconductor and software company. Initially, it plans to build integrated circuits, which will be combined with sophisticated driver software and aimed at the server and workstation markets. The final product will run in conjunction with Windows NT and Linux, using patented, parallel memory management technology to increase the system performance dramatically. The technology is presently running in prototype silicon.
More information on ISI can be found on the World Wide Web at: interactivesi.com.
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