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Rapport Completes Growth Round Funding of $18.5 Million
October 26th, 2007 No comments
Rapport, Inc. recently announced the closing of $18.5 million in Series C financing led by Centurion Holdings. These funds will be used to expand growth in the government and commercial sectors for Kilocore-based boards and systems.
This is Rapports largest funding to date and reaffirms the companys leadership in multicore, reconfigurable semiconductor architecture enabling computing performance and hardware acceleration at incredibly low energy consumption. The KC256, with 256 processing elements, is under deployment in modules, boards, and systems for many applications from intelligent sensors to deep packet investigation.
Joseph Grano, CEO of Centurion Holdings and former chairman of the U.S. Homeland Security Advisory Committee, stated, After evaluating Rapports exciting and enabling technology, it became clear that there are major needs and opportunities in the Government and industry. We are pleased to be investors and advisors for Rapport.
Rapport has proven chip and programming technologies in the marketplace and this funding ensures our continued leadership in the multicore, parallel processing revolution, stated Andrew Singer, CEO and CTO of Rapport.
Frank Sinton, President of Rapport commented, The endorsement and quality of Rapports investors is testament to the companys traction with the Department of Defense and Department of Homeland Security and potential growth in the industrial market for Kilocore boards and systems.
Rapport is a multicore technology leader with a family of massively parallel, multiprocessor chips and systems that can be dynamically reconfigured for multiple applications while breaking thermal barriers in performance per watt. Rapports chips are being deployed in accelerator boards and high performance systems for government and commercial solutions ranging from intelligent sensor modules to networking devices. The company is based in Redwood City, California.
For more information, please visit: www.rapportincorporated.com
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