Austin-based Coherent Logix develops high-performance microprocessors, development tools and other software platforms that are energy-efficient and are used across various industries, including defense and Space 2.0. The company secured $85 million in funding on Tuesday.
Atlas Credit Partners, an asset management firm based in Houston that invests in medium-sized businesses, provided the capital.
Coherent Logix was founded in 2005. Its high-performance and low-power hardware and software enable clients to reduce their computing costs while improving efficiency. The company also claims to be the developer of the first “virtualized system-on-a-chip for the embedded systems market.”
“Coherent Logix is setting new standards for performance in the Space 2.0 market by virtualizing SoCs — [also known as systems-on-chips] — for software-defined satellites, and there is a critical need for our high-performance, low-power SoCs here on Earth as edge computing continues to grow,” Walt Gall, co-CEO of Coherent Logix, said in a statement.
The funding will enable Coherent Logix to continue serving its clients and further grow into the communications, commercial edge and artificial intelligence markets.
“We are thrilled to partner with Coherent Logix and support their expansion into the commercial edge-AI market. Their HyperX architecture is disrupting traditional thinking and changing expectations for high-performance, low-power semiconductor chip designs, and we are excited to be a part of the company’s continued growth and success,” Drew Mallozzi, chief investment officer and managing partner at Atlas Credit Partners, said in a statement.
Coherent Logix is currently hiring for various Austin-based roles, including several engineering positions.
