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Electronics Production | February 13, 2006

Nallatech raises $5 million in fundings

Nallatech has raised $5 million in fundings to strengthen the company's U.S. growth.
The money, that comes from ETV Capital and Bridge Bank will be used for the company's next phase of U.S expansion.

"Together with the support and backing of our other financial investors, 3i and Scottish Equity Partners, this facility gives us the flexibility and financial resources we need to take advantage of the ever increasing demand for high-performance FPGA computing solutions in the U.S. military and aerospace sector", Craig Anderson, CEO of Nallatech, said.

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