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22320 Foothill Blvd., suite 360
Hayward, CA 94541
Website Company Summary Management Team

President/COO/Operations: Ramin Hojati

Outside board: (May no longer be on the board) Manuel Correia (CoWare COO) Phil Mak (VenGlobal Capital General Partner) James Wilcox (UC Berkeley-Haas Professor)

Business description: Averant is a startup electronic design automation (EDA) company focusing on verification of complex ICs and digital intellectual property (IP). The continuing growth in design complexity has caused a functional gap between what can be built and what can be verified before production. Finding mistakes after production can cost hundreds of millions of dollars, as seen with the Intel Pentium and the Toshiba floppy disk controller bugs. Averant closes the functional verification gap by delivering a new static verification technology that guarantees blocks used in design are functionally correct before production. Solidify™, is an interactive, easy-to-use design tool for static functional verification. RTL designers, architects, and validation engineers building complex ICs and IP blocks will improve design quality, shorten design cycles, and eliminate unnecessary simulation with Solidify. Besides RTL verification, Solidify detects inconsistencies coming from functional specifications, and includes code coverage technology for verification assurance.
Customers include: Ixian Devices;  Tau Networks
Partners include: 0-In Design Automation

Rounds: 2
Recent Fundings: Mar 2002
Capital raised: 3.0M
Last Round: 2.0M
Ownership: Private  
VCs include: VenGlobal Capital
Corporate investors: Saros Technologies

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Record updated: Aug 2007
Sector: Software
Year Founded: 1997
Rounds: 2
Recent Fundings: Mar 2002
Capital Raised: 3.0M
Last Round: 2.0M
Ownership: Private