DSP start-up receives funding boost from 3I

DSP start-up receives funding boost from 3I
Roy Rubenstein Digital signal processing start-up, Systolix has received financial backing from venture capitalists 3i and the Merseyside Special Investment Fund. “We are in the process of licensing our DSP design and the funding will help us to recruit and develop our own product until revenues start,” said Gareth Jones, Systolix’s marketing director. Systolix has been founded by a three-man management team which formerly worked at Pilkington Microelectronics prior to its takeover by Motorola. The company has yet to detail its DSP architecture but it is known to be based on an array of programmable processing elements (a systolic array). “We are targeting very specific end-users. For such applications, the DSP offers significant cost/performance advantages,” said Jones. Systolix expects to announce first licensees of its technology in the coming weeks. Meanwhile it is looking to recruit up to 13 engineers, the majority being hardware designers, to develop its own product for launch later next year.


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