Siverge Partners With IBM on Powerful Processor

siverge.gifIBM is certainly taking advantage of the lightspeed innovation happening in the Israeli tech world. Herziliya-based Siverge Networks has told EETimes that it is collaborating with IBM on the development and production   of a convergence processor, codenamed Griffin. The chip will be available in the second half of this year, and will be sold to companies such as Alcatel-Lucent, Nokia-Siemens, Ericsson and ZTE.

Siverge, which was founded in 2005 and has 50 employees, “will use IBM development tools and subcomponent libraries in the design of the dedicated ASIC chip that is claimed to support a large number of telecom interfaces, various communications speeds and a wide range of networking protocols.”

Siverge’s core technology and architecture, according to its website, “enables OEMs to build converged packet-based communications systems for next generation networks that also support TDM services. This allows the design of multi-service, multi-rate and multi-interface line cards utilizing Siverge’s true one-chip universal gateway solution. Carriers can deploy a single platform for new packet based networks while supporting traditional services, revolutionizing the economics of carrier networks.”

According to Yuval Berger, CEO of Siverge: “In the next few years we see two main needs in the networking space. One is the need for much larger bandwidth, driven primary by the extensive use of video of all kinds. In practice, the ability of service providers to tackle this is very limited, since the costs of upgrading the networks are very high. As a result of that, bandwidth extensions are limited and incremental.

“The second problem is the need to converge different protocols across the networking generations while achieving true multi-service capabilities. Our chip is set to be the first processor that will solve both of the problems without compromising performance, which will be about 10 times higher than available chips.”

In January, Siverge raised $12 million in its first round of financing through Evergreen Venture Partners and Cedar Fund. The financing round marked Evergreen’s 100th venture investment.


N-Trig Raises Whopping $41M

ntrig.gifN-Trig Ltd., an Israeli technology company founded in 1999 with offices in Tel Aviv, Texas and Taiwan, has raised a whopping $41 million “including $28 million from Canaan Partners, Evergreen Venture Partners, and current investors, a $5 million credit line from Plenus Venture Lending Fund, and the rest in future commitments by investors” according to Globes.

According to its recent press release:

“N-trig’s technology is now being deployed by Dell Computer, with its recent launch of its Latitude XT Tablet PC. Other major brands are expected to announce new products, which raises the bar on the next generation of notebook PCs and other mobile devices currently in development.

N-trig is the creator of the only pen and touch/multitouch solution for today’s computing world. N-trig provides a true hands-on computingTM experience, providing leading OEM brands with new product platforms that help innovate, differentiate, and deliver new user experiences.”

Amihai Ben-David, CEO of N-trig:
“We at N-trig are pleased to add two leading VC funds such as Canaan and Evergreen to the N-trig family. Our global expansion, working with supply chain partners in Asia, and developing new, breakthrough mobile computing platforms will enable us to create and penetrate new markets. Our vision is to leverage our ground breaking technology and introduce new products that are pen and touch input enabled. Imagine the new opportunities for our ODM/OEM partners producing hand-helds, notebooks, gaming devices, and large format platforms all based on N-trig hands-onTM technology.”

Izhar Shay, Venture Partner with Canaan Partners:

“We are very excited to become an investor at N-trig. We believe that the company’s innovative pen and touch technologies position it as a market leader in this fast growing space, and we are happy to see the traction that N-trig is gaining with major computer brands.”

Boaz Dinte, Managing Partner at Evergreen Venture Partners:

The computing user interface is on the verge of a major shift: after using a mouse and a keyboard for many years, the market is seeking an enhanced user experience. We believe that N-Trig’s DuoSense will lead this revolution, positioning it as the premier technology in both tablet PCs and mobile devices.”

For more info check out the full press release.