Nascentric, Inc. an Austin-based company focused on developing electronic design
automation simulation and analysis tools, announced today that it has closed a $7.2
million Series C financing. What makes
this financing especially interesting is that it includes a stalwart in the
chip world, Intel Capital. Intel Capital, the venture arm of Intel, invested
along side existing investors Austin Ventures, Silverton Partners and Needham
Capital.  According to Sean
Doyle, director at Intel Capital, "Nascentric has developed a novel
technology to meet the growing challenges of sub-65 nanometer process node
design verification. We believe
Nascentric will continue to make noteworthy contributions to next generation
design verification methodology." If Nascentric is able to full its
promise to deliver a product that can increase speed, capacity and accuracy for
design verification, the company may just well be acquired by Intel to help
them stay ahead of the curve in the on-going battle with rival chip maker AMD.