Leading corporate development partner to assist in expansion of POLYTEDA CLOUD’s global presence, focusing on semiconductor foundries and fabless SoC developers looking for faster, more accurate and affordable verification solutions
June 21, 2017 – Las Vegas, Nevada; and Kyiv, Ukraine – TekStart LLC, a leading provider of corporate capital to high-tech entrepreneurs, and POLYTEDA CLOUD LLC, established in 2015, a pioneer in cloud-ready physical verification tools for the semiconductor industry, are partnering to bring the power of innovation to the market through a joint relationship. The relationship will involve the sale, marketing and support of POLYTEDA CLOUD’s PVCLOUD cloud-based physical verification suite, including its support through TekStart’s extensive global, sales channel.
“We are extremely pleased to be in a position to take advantage of POLYTEDA CLOUD’s intimate knowledge of the challenges faced by our advanced SoC and Foundry customers. TekStart aimes at PVCLOUD disruption of the traditional EDA market,” said Howard Pakosh, Managing Partner, TekStart. “By officially recognizing this partnership, we are continuing to grow our capabilities and services giving our customers the tools necessary to develop next generation technologies.”
“POLYTEDA CLOUD is happy to team with TekStart. Their expertise and portfolio is complementary to ours, so we expect that our customers can gain significant synergies from this cooperation,” comments Alexander Grudanov, POLYTEDA CLOUD CEO.
TekStart will promote and support POLYTEDA CLOUD’s PVCLOUD and its main component PowerDRC/LVS to semiconductor communities through its channel of associates in North America, Europe, Israel, Japan, Taiwan ROC and China PRC.
About POLYTEDA CLOUD
POLYTEDA CLOUD, headquartered in Kyiv, Ukraine, develops cloud-ready PV workflow based on the fastest and most accurate flat engine in the market with hierarchical and multi-CPU capabilities. POLYTEDA CLOUD introduces an innovative, new business model to the traditional EDA industry. PVCLOUD component PowerDRC/LVS addresses the complex physical verification stage of microchip design, critical before the actual manufacturing at the semiconductor foundry. In 2015 POLYTEDA CLOUD received financing under the European Union’s Research and Innovation programme Horizon 2020 Phase 2.
TekStart provides interim sales, marketing and business development capital to high-tech start-ups during three major stages of their new business adventure: orienting, pioneering and conquering. Being focused exclusively on startups in the semiconductor, digital health and consumer electronics markets, TekStart addresses the challenges faced by these start-ups while guiding them from product idea to company formation to final production. Simply put, TekStart helps its clients to grow their businesses, achieve their strategic objectives, and maximize shareholder value.
TekStart draws upon its vast network of partners, relationships, and potential investors to assist in the growth of the start-up client. This process leads to our start-ups forming deep relationships with people that provide value to their long-term success, from funding to product guidance. In addition, TekStart helps our start-ups find a path to funding through our connections with venture capitalists, strategic investors, angel groups, and individual investors.
TekStart was established in 1997, and is privately held. Headquarters are located in Las Vegas, Nevada with satellite offices in Palo Alto, Irvine, Toronto, London, Paris, Kyiv and Tokyo. More information can be found at http://www.tekstart.com.
Howard Pakosh, Managing Partner
Phone: +1 650 461 9195
Alexandra Nazola, Communications Manager
POLYTEDA CLOUD LLC
Phone: +38 096 780 86 98