Efinix Completes $9.5 Million Funding Round

Programmable silicon technology company Efinix has secured $9.5 million in new financing from Xilinx, Hong Kong X Technology Fund (supported by Sequoia Capital China), and Samsung Ventures.

Efinix has developed what it calls “Quantum” programmable technology that, according to the company, “delivers a 4X power-performance-area advantage over traditional programmable technologies.”

“Efinix’s solution can address a wide variety of applications that are typically not served by today’s FPGAs,” said Salil Raje, senior vice president of the software and IP products group at Eilinx. “We are excited to be an investor and look forward to working with them.

Efinix will use the investment proceeds to accelerate sales and marketing initiatives as it enters the market for programmable product platforms.