Arteris is 4th Fastest Growing Private Company in Silicon Valley Silicon Valley / San Jose Business Journal Fast Private Award recognizes company's rapid Network-on-Chip customer adoption and revenue growth
SUNNYVALE, Calif., Oct. 16, 2012 /PRNewswire/ -- Arteris Inc., the inventor and leading supplier of network-on-chip (NoC) interconnect IP solutions, today announced that the Silicon Valley / San Jose Business Journal ranked the company 4th on its annual Fast Private list, an exclusive ranking of the Silicon Valley's fastest-growing private companies. The semiconductor design IP innovator joined other notable technology companies including Facebook (#10), Ambarella (#31), and Palo Alto Networks (#6), to name a few.
Arteris' revenue growth of 861.1% from 2009 to 2011 was exceptional even by Silicon Valley standards. Arteris placed fourth even after the list was expanded this year to include more companies.
"It was a banner year for Silicon Valley companies, and it showed in the flood of submissions the Silicon Valley Business Journal received for its Fastest Growing Private Companies Awards," said Jon Xavier of Silicon Valley / San Jose Business Journal. "With a record number of submissions, we decided to expand the list to a Fast 75 for the first time in over 10 years."
According to Gartner Research, Arteris is the world's #11 semiconductor design IP provider by license revenue and the only pure-play interconnect IP provider in the top 20. The Gartner Research report, "Market Share: Semiconductor Design Intellectual Property, Worldwide, 2011" on March 23, 2012, by analysts Ganesh Ramamoorthy and Masatsune Yamaji, also states that Arteris charted a 115% increase in IP license revenue in from 2010 to 2011.
"Infrastructure IP was the fastest growing semiconductor design IP market after microprocessor IP in the past year. Its growth is correlated with the growing demand for interconnect functionality in advanced system-on-chip designs," said Ganesh Ramamoorthy, research director at Gartner. "The increasing interconnect requirements of SoC vendors is driving the demand for network on chip technology provided by IP companies."
Sales of Arteris' pioneering FlexNoC NoC interconnect IP product have driven the growth of the company as Arteris' patented NoC technology displaces older interconnect technologies such as hybrid buses, tiered switches and crossbars.
"Our position as the 4th fastest growing private company is Silicon Valley is the result of semiconductor vendors' rapid adoption of our network-on-chip technology to solve their toughest SoC design issues," said K. Charles Janac, President and CEO of Arteris. "Leading companies such as Samsung, Qualcomm and Texas Instruments choose our FlexNoC interconnect IP because it saves them money and time, and helps them earn more revenue from each SoC. Our internal data, based on customer experience, shows a 10x return on investment (ROI) when using Arteris NoC IP for advanced SoC designs. This ROI results from die cost savings, schedule savings, and increased SoC revenue due to better SoC performance."
Arteris, Inc. provides Network-on-Chip interconnect IP and tools to accelerate System-on-Chip semiconductor (SoC) assembly for a wide range of applications. Results obtained by using the Arteris product line include lower power, higher performance, more efficient design reuse and faster development of ICs, SoCs and FPGAs.
Founded by networking experts and offering the first commercially available Network-on-Chip IP products, Arteris operates globally with headquarters in Sunnyvale, California and an engineering center in Paris, France. Arteris is a private company backed by a group of international investors including ARM Holdings, Crescendo Ventures, DoCoMo Capital, Qualcomm Incorporated, Synopsys, TVM Capital, and Ventech. More information can be found at www.arteris.com.
Arteris, FlexLLI, FlexNoC and the Arteris logo are trademarks of Arteris. All other product or service names are the property of their respective owners.
SOURCE Arteris Inc.