March 28, 2011 -- Tabula Inc., a privately held fabless semiconductor company and developer of the ABAX family of 3D Programmable Logic Devices (3PLDs), secured $108 million in Series D funding. Tabula will use the new capital to accelerate production of their 3PLD ABAX product family, expand customer and partner support infrastructures, and further next-generation product development in the rapidly growing programmable logic sector.
The financing was led by Crosslink Capital and DAG Ventures. Existing investors, Balderton Capital, Benchmark Capital, Greylock Partners, Integral Capital, and NEA also participated in this round.
"The programmable logic market is seeing tremendous growth driven by the build out of the telecommunications infrastructure. This infrastructure build is necessary to keep pace with the global demand for more bandwidth to support smartphone usage for accessing data and video online," said Dennis Segers, CEO of Tabula. He said the company will increase volume shipments of its ABAX 3PLD product family and use the Spacetime architecture to integrate programmable devices into new application spaces. Tabula's 3D programmable logic devices are high-capability programmable chips made in production volumes.
"Tabula's Spacetime technology addresses the problems at the heart of the programmable logic market today by delivering unprecedented capabilities at unmatched cost points compared to FPGAs," said Gary Hromadko, Venture Partner of Crosslink Capital. "Tabula is well positioned to capitalize on the growing migration of ASIC and ASSP towards programmable logic devices," added Dave Strohm, Partner of Greylock Partners.
Tabula recently completed the roll-out of its 40nm ABAX family of 3PLDs supported by the Stylus development software. Stylus delivers Spacetime's 3D Architecture price/performance advantages to ASIC and FPGA designers, maintaining a familiar design flow. Available in the cloud, Stylus eliminates IT issues while enabling real-time, on-site-like, technical support.
"Tabula has an unbounded $70B market opportunity," said Bruce Dunlevie, General Partner of Benchmark Capital.
Tabula is a privately held fabless semiconductor company developing 3D Programmable Logic Devices. Its ABAX family of 3PLDs, based on Tabula's patented Spacetime architecture, and supported by its Stylus development software, sets new density, performance, and affordability benchmarks for programmable logic, memory, and signal processing. Please visit www.tabula.com.