Hive attracts $7million from Intel

Silicon Hive has received $7million in new funding in a round led by Intel Capital and joined by existing investors New Venture Partners and TVM Capital.

Silicon Hive has also signed a business agreement with Intel for potential product opportunities using Silicon Hive’s technology, covering the entire spectrum of mobile products. “During the past year, Silicon Hive experienced significant growth worldwide gaining several tier one semiconductor vendors as customers. We work closely with them to address the growing need for programmable solutions to make their flagship semiconductor platforms more cost effective and future proof. We are excited about Intel Capital joining our investor base as we follow that mission,” said Atul Sinha, founder and ceo of Silicon Hive.