November 5, 2019, Moscow — YADRO, a Russian technology company and a member of ICS Holding, has become a shareholder of Syntacore, a Russian microprocessor core developer. The acquisition deal is a part of the long-term YADRO strategy to expand its presence in contiguous market segments.
"Syntacore has a solid position on the rapidly growing global market of semiconductor IP and customized semiconductor solutions. (The market size has been estimated at more than $25 billion in 2018 with a growth forecast at $100 billion in 2025.) YADRO has acquired a controlling interest of 51% in Syntacore. Our investment is a unique opportunity not only to address the growing global demands for optimized microprocessors in the transformational era of 5G, Internet of Things (IoT), Artificial Intelligence (AI), and autonomous systems, but also to create a solid expertise for developing a robust product portfolio for the Russian market and ICS Holding's ecosystem of product companies on the basis of modern microprocessor design in Russia," said Artem Ikoev, YADRO's CTO.
YADRO and Syntacore share common principles of technology development based on close global collaboration. YADRO is a Platinum member of the OpenPOWER Foundation, an open consortium that granted open access to a set of microprocessor architecture instructions (Power ISA) in August 2019.
Syntacore is one of the founders of the Reduced Instruction Set Computer (RISC-V) Foundation, an open international consortium, whose goal is to develop and evangelize RISC-V, an open microprocessor architecture.
Technologies based on RISC-V are rapidly gaining popularity not only in the segments of customized and optimized systems where millions of microprocessors have already been created on the basis of RISC-V cores. They are also advancing thanks to the active ecosystem growth in the general-purpose microprocessor technology segment. In August 2019, RISC-V architecture was selected as the technological foundation for the European Processor Initiative (EPI). Its goal is to create microprocessors and accelerators for building a European exabyte-scale supercomputer, as well as the new generation of autonomous transport systems and the line of processors for cloud-based data storage centers with radically optimized capabilities.
At the same time, one of the initiative's goals is to enable European Union's independence in the strategically vital area of technology.
Syntacore is one of the RISC-V ecosystem leaders that licenses its own microprocessor technologies designed on the basis of RISC-V architecture to the clients in Russia and other countries. The company's products are developed on the basis of its own processor technologies varying from 180 to 7nm. Syntacore's client and partner network covers companies in Russia, Europe, Asia and USA. Syntacore IP-based chips are already being mass-produced by the company customers.
The parties are not disclosing commercial details of the acquisition. Similar global companies from the RISC-V ecosystem have a history of investing tens of millions in US dollars (with the evaluation at hundreds of millions in US dollars). For example, SiFive received a total investment of $129M in US Dollars, while Esperanto Technologies received an investment of $58M in US Dollars.
"The lion share of the investment will be allocated to the geographic expansion of the company. In addition, it will be utilized to develop new products that will considerably extend the IP portfolio and address the growing demands in microprocessor technologies optimized for IoT and AI products," said Alexander Redkin, Syntacore's CEO.
Syntacore initially raised venture capital funding from TerraVC, a venture capital firm focused on investing in hard-to-replicate technologies for the energy and IT sectors. The firm operates in Russia, North America, South-East Asia and in the Middle East. The deal with YADRO provided a complete exit for TerraVC.
"Syntacore team has been rapidly growing. It has been able to build a portfolio of global customers from the U.S., Europe, Asia and Russia. TerraVC will keep investing in outstanding technology teams able to successfully compete on the global market," Petr Lukyanov, Partner at TerraVC, said.
November 5, 2019, Moscow — YADRO, a Russian technology company and a member of ICS Holding, has become a shareholder of Syntacore, a Russian microprocessor core developer. The acquisition deal is a part of the long-term YADRO strategy to expand its presence in contiguous market segments.
"Syntacore has a solid position on the rapidly growing global market of semiconductor IP and customized semiconductor solutions. (The market size has been estimated at more than $25 billion in 2018 with a growth forecast at $100 billion in 2025.) YADRO has acquired a controlling interest of 51% in Syntacore. Our investment is a unique opportunity not only to address the growing global demands for optimized microprocessors in the transformational era of 5G, Internet of Things (IoT), Artificial Intelligence (AI), and autonomous systems, but also to create a solid expertise for developing a robust product portfolio for the Russian market and ICS Holding's ecosystem of product companies on the basis of modern microprocessor design in Russia," said Artem Ikoev, YADRO's CTO.
YADRO and Syntacore share common principles of technology development based on close global collaboration. YADRO is a Platinum member of the OpenPOWER Foundation, an open consortium that granted open access to a set of microprocessor architecture instructions (Power ISA) in August 2019.
Syntacore is one of the founders of the Reduced Instruction Set Computer (RISC-V) Foundation, an open international consortium, whose goal is to develop and evangelize RISC-V, an open microprocessor architecture.
Technologies based on RISC-V are rapidly gaining popularity not only in the segments of customized and optimized systems where millions of microprocessors have already been created on the basis of RISC-V cores. They are also advancing thanks to the active ecosystem growth in the general-purpose microprocessor technology segment. In August 2019, RISC-V architecture was selected as the technological foundation for the European Processor Initiative (EPI). Its goal is to create microprocessors and accelerators for building a European exabyte-scale supercomputer, as well as the new generation of autonomous transport systems and the line of processors for cloud-based data storage centers with radically optimized capabilities.
At the same time, one of the initiative's goals is to enable European Union's independence in the strategically vital area of technology.
Syntacore is one of the RISC-V ecosystem leaders that licenses its own microprocessor technologies designed on the basis of RISC-V architecture to the clients in Russia and other countries. The company's products are developed on the basis of its own processor technologies varying from 180 to 7nm. Syntacore's client and partner network covers companies in Russia, Europe, Asia and USA. Solutions on the basis of the company's technologies are being used in commercial semiconductor products.
The parties are not disclosing commercial details of the acquisition. Similar global companies from the RISC-V ecosystem have a history of investing tens of millions in US dollars (with the evaluation at hundreds of millions in US dollars). For example, SiFive received a total investment of $129M in US Dollars, while Esperanto Technologies received an investment of $58M in US Dollars.
"The lion share of the investment will be allocated to the geographic expansion of the company. In addition, it will be utilized to develop new products that will considerably extend the IP portfolio and address the growing demands in microprocessor technologies optimized for IoT and AI products," said Alexander Redkin, Syntacore's CEO.
Syntacore initially raised venture capital funding from TerraVC, a venture capital firm focused on investing in hard-to-replicate technologies for the energy and IT sectors. The firm operates in Russia, North America, South-East Asia and in the Middle East. The deal with YADRO provided a complete exit for TerraVC.
"Syntacore team has been rapidly growing. It has been able to build a portfolio of global customers from the U.S., Europe, Asia and Russia. TerraVC will keep investing in outstanding technology teams able to successfully compete on the global market," Petr Lukyanov, Partner at TerraVC, said.