February 18, 2009
Venture Capital Firm, ZenShin Capital Invests $7 Million In Series D Funding for Jasper Design Automation Inc.
Based in Mountain View, California, Jasper Design Automation announced the raising of $7 million in series D funding lead by ZenShin Capital.�� The company is a privately held company that is one of the leading electronic design automation software developers.� Some of the products and services that Jasper provides are verifications, design, and rescue solutions that leverage Jasper�s high quality formal technologies.� Jasper�s products and service use an advanced formal analysis and behavioral indexing technology for the global electronics market.��
Jasper�s current clients include some of the worldwide semiconductor, networking, and wireless industries.�� Besides Mountain View, California, Jasper also has offices and distributors in North America, South America, Europe, and Japan.
This new round of investment was lead by Menlo Park based ZenShin Capital, which is a new investor for Jasper.�� Other investors that took part in this round of funding include Accel Partners, Cambrian Ventures, Foundation Capital, and others.�� According to the President and CEO of Jasper Design Automation, Kathryn Kranen, clients use Jasper�s design and verifications to reduce product risks, reduce labor costs, and shorten schedules.� By leveraging the power of formal technologies, Jasper clients can solve various design and verification problems.�
Managing partner and cofounder of ZenShin Capital, Takeshi Mori believes that EDA (electronic design automation) clients are meticulously watching every expense, yet Jasper has achieved over 100% growth in 2008.
Jasper seems to be delivering both technological and business headway in a strategic market for electronic design automation.�
ZenShin Capital is based in Menlo Park, California and offers venture capital to businesses in the start up and expansion stage.� ZenShin especially focuses on companies that have the potential to successfully expand into the Japanese markets.� The VC firm offers deep experience in business and a broad network in Japan that can create significant opportunities for its portfolio companies.� ZenShin Capital stands out among other investors that have expertise on the Japanese markets because it is a neutral value-add investor that thinks and acts from the view of a portfolio company.�
ZenShin Capital was founded in 2005 and invests in the biotechnology, business product and service, clean technology, computer and peripheral, education, mobile, electronic, and other various industries.�