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Tilera Raises $45 Million for its Multi-Core Processors

Tilera, a start-up based in San Jose, California, raised $45 million in new funding for its TILE family of many-core processors for cloud computing and communications.

Tilera’s processors are based on its “iMesh” architecture that scales to hundreds of RISC-based cores on a single chip. Tilera has two product families: TILE64 processors and TILEPro processors, with its latest TILE-Gx family planned for early 2011.

The new funding was led by Artis Capital Management, that included investment from WestSummit Capital Management and Comerica Bank in addition to existing investors Walden International, Bessemer Venture Partners and Columbia Capital. Cisco Systems and Samsung Venture Investment Co. also participated, joining Tilera’s previous strategic investors: Broadcom, NTT Finance, VentureTech Alliance, and Quanta Computer.http://www.tilera.com

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