Plunify secures S$500,000 in seed funding from SPRING Singapore Technology Enterprise Commercialization Scheme

 

Cloud Computing for Chip Design Platform Recognized as Unique Innovation

Singapore, March 9, 2011 – Plunify Pte Ltd, a provider of cloud computing solutions for chip design, has been awarded up to S$500,000 from SPRING Singapore’s Technology Enterprise Commercialization Scheme (TECS), in the Proof-of-Value (POV) category.
Plunify will use the funds to develop an integrated, online design software platform for chip design engineers. This platform will be scalable and utilized on a pay-as-you-use basis. In terms of features, it will support:

• Web and command-line interfaces to allow on-demand access to design and verification features to simplify usage.
• Automation and parallelization of compute-intensive tasks like synthesis and place-and-route for greater speed-up.
• Instant availability of servers via cloud computing technology to relieve constraints of in-house IT infrastructure for chip design processes.
• Intelligent analysis of results to help in making better technical decisions.

“Receiving the TECS Grant is both an honor and a strong endorsement of our efforts to bring the benefits of scalable, integrated design and verification solution to the semiconductor chip design industry,” said Harnhua Ng, Director of Engineering at Plunify. “We will continue to work hand-in-hand with early-stage customers to bring this technology to fruition.”

For more information about Plunify, please visit http://www.plunify.com
For more information about SPRING Singapore and TECS, please refer tohttp://www.spring.gov.sg/enterpriseindustry/tecs/pages/technology-enterprise-commercialisation-scheme.aspx

About Plunify

Plunify® cloud computing solutions enable semiconductor chip designers to shorten product time-to-market and reduce development costs with no disruption to existing workflows. Follow Plunify viaFacebook, Twitter and Blogger.

About SPRING Singapore

SPRING Singapore is the enterprise development agency responsible for helping Singapore enterprises grow. We work with partners to help enterprises in financing, capability and management development, technology and innovation, and accessing new markets. As the national standards and accreditation body, SPRING develops and promotes an internationally-recognised standards and quality assurance infrastructure that builds trust in Singapore enterprises, products and services, thereby enabling their global competitiveness and facilitating global trade.

Media Contact:

Harnhua NG
Plunify Pte Ltd
media@plunify.com