Cortus Closes New Round of Investment to Fund Three-Year Development Plan
September 19, 2011 -- Cortus SA has announced the closure of a funding round. The investment from financial partners Credit Agricole Entreprises and Banque Dupuy de Parseval and institutional partners OSEO and the Region of Languedoc-Roussillon focus on international expansion and development. This funding round will now enable Cortus to significantly grow its business in Asia, Europe and North America.
Since starting in 2005, Cortus has completed the development of an extensive ecosystem for its APS3 core and achieved key design wins in a variety of rapidly growing market segments. The new funding secures the international expansion and development plans over the next three years allowing Cortus to scale its technical and business development activities. Cortus is now accelerating the recruitment of talented individuals for both engineering and sales roles.
The APS3 processor, with best-in-class computational performance, energy efficiency and silicon area, has been in volume production since the third quarter of 2008. The core has already been designed into applications as diverse as SIM card security, low-energy Bluetooth, video processing, touch screen controllers, automotive sensors and smart meters. APS3 licensees include Schneider, Taegee/ MagnaChip, E2V, Coronis/ Elster, SightIC/ Broadcom, Certicom/ RIM, PointChips, Discretix, CEA, AAI/ MicroSemi and StarChip.
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