Austin-based Intrinsity announced $31.5M in series E funding. This puts the total amount raised near $100M. The company provides tools and technologies that allow customers to produce very fast digital logic. In short, if you have the instruction set description of a processor, Intrinsity can use it’s Fast14 technology to build a core that is 2x or 3x faster.

This is a significantly large round for an Austin-based company, but not completely out of line considering the high costs of developing chip technology. New money came in from Goldman Sachs, Altitude Capital Partners, and Northwater Capital Management. Investors who put more money into the deal include Adams Capital Management, and The Hillman Company. The money will be used to research promising new low power technologies, and technical initiatives aimed at improving designer productivity.