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Nascentric Inc., an EDAcompany specializing in Fast-SPICE simulation and analysis tools, announced that it has closed a $7.2 million Series C financing from its investors, which now include Intel Capital. The firm's existing investors are Austin Ventures, Silverton Partners, Needham Capital and EDA veteran Jim Solomon.

"Nascentric has developed a novel technology to meet the growing challenges of sub-65nm process node design verification," said Sean Doyle, director at Intel Capital. "We believe Nascentric will continue to make noteworthy contributions to next-generation design verification methodology."

As feature sizes in ICs continue to shrink, parasitic capacitances and leakage currents have come to dominate the design and verification process. The Nascentric solution, AuSIM MT, is based on several technology innovations including current-based SPICE simulation models and multithreaded simulation capabilities to deliver unmatched speed, capacity and accuracy for design verification.

"This funding round will enable us to expand our product capabilities as well as expand our worldwide sales and support capability," said Rahm Shastry, president and CEO of Nascentric. "We are encouraged that Intel Capitalchose to invest in us after an evaluation of our technology and team."