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Belgian EDA startup, Sigasi announces first round funding

July 29, 2010 | Jean-Pierre Joosting | 222903022
Sigasi, a Ghent-based high tech EDA start-up, announced that it has closed its first round of funding. The investors in this round are Baekeland Fund II, the venture seed fund of Ghent University, business angels, and the team.
Sigasi was founded in January of 2008 by two PhD's from Ghent University. The company was initially financed by seed capital provided by the founders, by subsidies from the Flemish government via the Agency for Innovation through Science and Technology (IWT), and by a mezzanine loan from Flemish Innovation Fund (Vinnof).

Sigasi innovates in the domain of Electronic Design Automation (EDA) in several ways. First, it produces a novel intelligent development environment (IDE) for digital circuit design. The idea of this IDE is based on modern software development platforms, like Visual Studio and Eclipse.

Second, Sigasi is a native web-based company that employs an innovative low-touch sales process. The whole process, including distribution, sales, communication and support, occurs over the Internet. This is very different from the traditional direct sales methods in EDA.

After two years of development and a successful beta-testing program with several customers, Sigasi released its flag ship product Sigasi HDT in January 2010. Sigasi HDT had a successful start, being sold worldwide, in many industries including consumer electronics, automotive, and aerospace.

For further information: www.sigasi.com.








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