Pyxis Technology Gets Second Tranche

Austin-based Pyxis Technology is reporting this morning that it has received the second tranche of its $3M funding round, which came from Austin Ventures, CMEA Ventures, Formative Ventures and KT Venture Group. The firm, which designs software used for physical design and routing of systems-on-a-chip circuits, said the tranche came from meeting a funding milestone. The funding is part of the $3M, venture round that the firm announced in April of this year. Pyxis develops the NexRoute-HPC product, which isused for providing faster routing and analysis of SoC designs.