Wednesday, May 14, 2008

Teseda Raises Series B Funding

Teseda Corp., a publisher of silicon production testing and debugging software, announced Wednesday that it has closed a second round of venture financing after raising an undisclosed amount of funding. The Portland, Ore.-based business welcomed first-time investor KT Venture Group LLC, the investment partner of KLA-Tencor Corp. Previous investors PacRim Venture Partners and SmartForest Ventures also participated in the Series B effort, Teseda said, adding that the money will be used to grow its sales force and to speed deployment of its Diagnostic Manager Series of yield-enhancing applications. More information »