In the latest initiative under NVIDIA's GPU Ventures Program
, which aims to help GPU technology startups get off the ground, I'm pleased to announce that we've invested $1.5M in Rocketick ' a pioneer in GPU-based simulation acceleration for chip verification. This is part of the Israel-based company's latest round of fundraising, which brought in $2.5 million.
We believe strongly enough in this startup that we've also licensed its software for our own chip designs. Using Rocketick's software accelerator, which leverages Tesla GPU's, we'll be able to verify our chip designs up to 50-times faster than current in-house solutions.
Our strategic investment was initially disclosed last week at GTS Israel 2011
, an event focused on emerging companies utilizing GPU technology, which had more than 350 attendees, 15 sponsors and 20 speakers. With this investment, Rocketick will bring its chip verification technology to enterprises looking to deploy more GPUs in server farms tasked with chip design and verification. This investment will also create additional revenue opportunity for CUDA-enabled GPU's.
We have been working with Rocketick over the past year and this partnership marks our first equity investment in an Israeli startup. In an industry where the complexity of simulating a chip grows exponentially, its technology is critically important.