iKoa secures USD 9.4 mn for capital funding

Hyderabad, June 6 (UNI) iKoa Corporation, a fabless semiconductor company developing breakthrough technology that dramatically reduces the power consumption and increase performance of sub-micron semiconductor products, announced today that it had secured USD 9.4 million in Series, a venture capital funding led by Global Catalyst partners and joined by Khosia Ventures.

The funding will support further technology development and engineering to develop commercial products based on the iKoa technologies, and positions the company to raise significant capital in the future, the company said in a release here.

Its semiconductor technology will be used to develop consumer-oriented high-performance computing products that are up to 4X faster, and 1/10th the power consumption of equivalent solutions if designed with traditional techniques.

Exploiting the performance advantage, the company can benefit mobile device end-users by offering more features that require high performance, and very low power consumption not feasible with current design techniques.

Computing and signal processing-intensive applications such as voice processing, high definition video, communications and imaging are examples of applications that can benefit from the iKoa technology, the release added.

UNI