Cadence buys chip design co Rocketick for $40m
Israeli startup, Rocketick Technologies Ltd. has been acquired by US Cadence Design Systems Inc. for an undisclosed amount. Rocketick was founded in 2008 by veterans of the 8200 Unit of the Israeli Defence Forces.
Rocketick helps chip manufacturers reduce the overall time to market of new chip designs by up to 30%. Its flagship product, RocketSim, solves functional verification bottlenecks by complementing simulators with a multicore processor based co-simulator acceleration solution, offering over 10X faster simulations for highly complex designs. Investors in the company include Intel Capital and Nvidia.
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