News Article

ICE spin-off Silexica raises $18m in Series B funding

Investment will fund the further development of a Simulation Platform for software developers in multi-partner projects for embedded supercomputers

Cologne, June 21, 2018Silexica, the developer of the SLX programming tools has announced the completion of its $18 million Series B round of financing. The EQT Ventures Fund (EQT Ventures) led the round, joining all existing investors Merus Capital, Paua Ventures, Seed Fonds Aachen and DSA Invest.

The complexity of software design is evolving rapidly with embedded supercomputers required to deliver trillions of actions every second for systems such as autonomous cars. Due to the shift to the computing everywhere era with increased connectivity and rapid data processing, complex new computing architectures are becoming increasingly difficult to program manually.

Silexica has been developing the SLX programming tools since its launch in 2014 to analyze how software runs on these new heterogeneous multicore processors and provide deep system-level understanding for developers. Alternative approaches such as spreadsheet-based calculations are no longer capable of managing this new level of hardware complexity.

Silexica has expanded its presence with industry leading software and hardware experts. It has offices in Germany, the USA and Japan. Customers include Tier 1 automotive suppliers as well as leading OEMs in 5G, and Aerospace & Defense. For example, SLX has already helped Denso to automate workflows and migrate software to automotive multicore platforms and partners with Fujitsu on 4G/5G base-station projects.