Cradle Technologies, a start-up based in Mountain View, California, completed an oversubscribed $21.5 million round of venture funding to support its development of programmable Soft-Silicon solutions for digital convergence. Cradle's Enhanced Communications Engines target the network-centric Internet digital convergence markets while its Media Processing Engines target media-centric digital convergence markets. The chips contain multiple RISC and DSP processors, offering a programmable solution for combining secure data, voice, image and video services. The new funding round added new investors NeoCarta Ventures, Prodea, and East Gate Capital to a number of existing investors that also participated in the round including Smart Technology Ventures, Charter Ventures, Mingly Capital, Winston Partners and others.
http://www.cradle.com
- Cradle Technologies is headed by Arthur Chang, who previously was an Entrepreneur In Residence (EIR) with several Silicon Valley venture capital firms, including Allegis Capital and Charter Ventures. Prior to that, Chang was CTO of Parallan Computer (now Snap Appliance), and VP of Systems Engineering for PLX Technologies.
