18 Oct '12, 9am

@Plunify, which makes chip design cheaper, faster, and mobile, raises USD 484k from Get2Volume and NRF

@Plunify, which makes chip design cheaper, faster, and mobile, raises USD 484k from Get2Volume and NRF

Plunify , a Singapore startup that brings microchip design to the cloud, announced this week that it has raised seed funding of SGD589k (USD484k) from Get2Volume and the National Research Foundation (NRF). Get2Volume is an early stage technology investor and incubator, while NRF is a government organization that promotes R&D in the country. Chip design is an inherently complex process requiring sizable computing power. What Plunify does is offload some of the most demanding tasks to the cloud, which can complete these tasks faster than traditional methods due to its parallel computing capabilities and flexibility. Plunify claims that because these tasks are automated, broken down and run simultaneously in the cloud, processes that takes days can be shortened to a few hours. And because the computational heavy lifting is done elsewhere, chip designers can initiate them whil...

Full article: http://sgentrepreneurs.com/2012/10/18/plunify-a-startup-t...

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