<article>Singapore-based semiconductor chip design company <a style="color: #000080;" href="http://www.plunify.com" target="_blank">Plunify Pte. Ltd</a> has raised $2 million in a Series A round from Malaysia-based venture capital firm <a style="color: #000080;" href="http://dealstreetasia.com/tag/Kumpulan-Modal-Perdana" target="_blank">Kumpulan Modal Perdana</a> (KMP).</article>

Singapore-based semiconductor chip design company <a style="color: #000080;" href="http://www.plunify.com" target="_blank">Plunify Pte. Ltd</a> has raised $2 million in a Series A round from Malaysia-based venture capital firm <a style="color: #000080;" href="http://dealstreetasia.com/tag/Kumpulan-Modal-Perdana" target="_blank">Kumpulan Modal Perdana</a> (KMP).
Plunify will use the funds to scale its sales and technical support channels, and extend its marketing reach to promote its InTime software and educate FPGA design companies on how to use InTime to solve design issues, according to a release.
InTime, for example, is a timing closure acceleration software that assists companies from Huawei to Fiberhome in solving timing closure issues without needing engineers to change their code. According to the firm, InTime uses machine learning and analytics to determine the best strategies companies should take.
“What we see in Plunify is something well ahead of current solutions in terms of the innovation and problem-solving capabilities that the company is bringing to market,” said Shahril Anwar, CEO at KMP.
KMP primarily focuses on companies in the IT, computer-related, telecommunications, media and entertainment, electronics, advance material and biotech and life sciences space. It has established four funds: Perdana Fund, which looks at pre-IPO and high growth firms; Perdana International Fund, which targets US-based high growth high tech companies; Plug &amp; Play Technology Holdings Sdn Bhd, which accelerates local startups; and the Electronics &amp; Electrical Fund, which focuses on growing companies with high growth visibility within the said space.
&#8220;Every design is unique in its merits and also in its flaws,&#8221; said Harnhua Ng, CEO at Plunify. He added, &#8220;Our algorithms and data models exploit such insights to solve customers&#8217; problems&#8230; KMP is extremely supportive and is providing invaluable resources and advice on scaling our operations worldwide. We welcome their experience and advice.&#8221;
Currently, Plunify has its headquarters based in Singapore, and has offices in the US, Israel, China and Japan as well.
The company is said to have raised an <a style="color: #000080;" href="https://www.pehub.com/2014/11/lanza-techventures-backs-plunify/">undisclosed amount of funding</a> from Lanza techVentures in 2014.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/seed-funding-roundup-creopop-raises-capital-from-wavemaker-partners-nrf-singapore-angel-network-among-investors-in-little-black-book-7371/">Seed Funding Roundup: Creopop raises capital from Wavemaker Partners, NRF; Singapore Angel Network among investors in Little Black Book</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/singaporecypress-semiconductor-acquires-broadcoms-iot-business-in-550m-deal-39157/">Singapore: Cypress Semiconductor buys Broadcom’s IoT business for $550m</a>
&nbsp;

Semiconductor design company Plunify will use the funds to scale its sales and technical support channels, and extend its marketing reach

Singapore: Plunify raises $2m Series A from Malaysia's KMP

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Singapore: Plunify raises $2m Series A from Malaysia's KMP

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief