Pyxis Technology Raises $3.0M

Austin-based Pyxis Technology, a developer of electronic design automation software, said Tuesday that the firm has raised $3.0M in financing. According to the firm, the financing came from Austin Ventures, CMEA Ventures, Formative Ventures, and KT Venture Group. Pyxis develops EDA software used to develop high performance, integrated circuits. According to the firm, the funding will go towards its high-performance routing technology, as well as sales and marketing efforts. The funding brings the company's total raised to around $13.75M. More information »