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LucidLogix raises $8 million in funding

Posted on Wednesday, March 17 2010 @ 18:12:05 CET by

Chip maker LucidLogix Technologies has raised $8 million in funding to improve its multi-GPU technology. To date, the company's biggest customer is MSI with the Big Bang motherboard, but more customers are in the pipeline.
The funding for the Kfar Netter, Israel-based company comes from current investors Rho Ventures, Giza Venture Capital and Genesis Partners. To date, the company has raised $40 million, and it has been able to do so because the company’s products are selling well.

LucidLogix needs a lot of money because it is trying to dance among elephants. The company competes with graphics chip makers Advanced Micro Devices, Nvidia, and Intel. But LucidLogix doesn’t make its own graphics chip. Rather, it makes a chip set that can take an AMD graphics chip and an Nvidia chip and use them to their fullest when a computer is running high-end graphics programs such as games.
More info at VentureBeat.



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