Tiempo AS, French startup specializing in the design of asynchronous ICs, announced it has raised 5 million euros ($6.9 million) in a series B financing round with venture capital firms Viveris Management and Oddo Private Equity and existing investors Emertec Gestion, Schneider Electric Ventures, INPG Entreprise SA and Alma Capital Finances.
"The completion of this second financing round is an important milestone in Tiempo roadmap as it allows the company to complete its product development plan - IPs and synthesis tool - and to start the deployment of its sales and support channels worldwide," commented Serge Maginot, CEO of Tiempo.