Intel Corporation has announced the acquisition of NetSpeed Systems, a San Jose, California-based provider of system-on-chip design tools and interconnect fabric intellectual property. The startup was founded by Indian entrepreneurs – Sundari Mitra and Sailesh Kumar, who are both Indian graduates having vast experience with companies in the semiconductor sector.
The NetSpeed team is joining Intel’s Silicon Engineering Group (SEG) led by Jim Keller. Sundari Mitra, NetSpeed co-founder and CEO, will continue to lead her team as an Intel vice president reporting to Keller.
Founded in 2011, by Sundari and Shailesh, NetSpeed provides network-on-chip (NoC) IP to SoC designers. NetSpeed’s NoC tool automates SoC front-end design and generates programmable, synthesizable high-performance and efficient interconnect fabrics.
Interestingly, both Sundari and Shailesh have had earlier worked for Intel Coporation before starting their entrepreneurial journey in semiconductor space.
NetSpeed Systems raised a total of $13.2 million in funding over 3 rounds. It counts Intel Capital, Walden Riverwood Ventures and SK hynix, among its investors. As of now it is unclear how Walden and hynix would make exits from this acquisition.
“NetSpeed’s highly configurable and synthesizable offerings will help Intel more quickly and cost-effectively design, develop and test new SoCs with an ever-increasing set of IP,” Intel said in a statement.
As SoCs grow more complex and as new fabrication processes explode the number of design rules, architects are increasingly utilizing front-end tools like NetSpeed’s to automate the design and validation process — saving time and money. NetSpeed’s technology helps architects estimate and optimize SoC performance in advance of manufacturing through a system-level approach, user-driven automation and state-of-the-art algorithms.
“Intel is designing more products with more specialized features than ever before, which is incredibly exciting for Intel architects and for our customers. The challenge is synthesizing a broader set of IP blocks for optimal performance while reining in design time and cost. NetSpeed’s proven network-on-chip technology addresses this challenge, and we’re excited to now have their IP and expertise in-house,” said Jim Keller, senior vice president and general manager of the Silicon Engineering Group at Intel.
Sundari Mitra – Sundari, who holds a MSEE from the University of Illinois and a BSEE from Maharaja Sayajirao University of Baroda, Vadodara in India, is a serial entrepreneur who had earlier founded Prism Circuits, Inc. and served as its CEO from 2006 until its acquisition by MoSys in 2009. She then served as Executive VP Engineering at MoSys where she was responsible for its engineering operations and product development until 2011.
Prior to starting Prism, Sundari served as a Director of Engineering at Sun Microsystems and also as design Engineer at Intel.
Sailesh Kumar – Shailesh is an Electrical Engineering graduate from Indian Institute of Technology (IIT), Kanpur, and has conceptualized and developed several high impact technologies across multiple industries, such as Content Aware Networks at Cisco Systems, Smart Memory the 100G service network processor at Huawei Technologies, and software defined NoC at NetSpeed Systems.
Sailesh is also the author of more than 20 technical papers published by top journals and conferences. He also holds a PhD in Computer Science from Washington University.
“Intel has been a great customer of NetSpeed’s, and I’m thrilled to once again be joining the company,” said Sundari Mitra.
“Intel is world class at designing and optimizing the performance of custom silicon at scale. As part of Intel’s Silicon Engineering Group, we’re excited to help invent new products that will be a foundation for computing’s future,” she added.
“Intel expects to honor NetSpeed’s existing customer contracts, but NetSpeed will become an internal asset going forward,” the company said in a statement.
[Top Featured Image – NetSpeed Systems team | Credit – Intel Corporation]