FPGA startup SiliconBlue gains funding

New Enterprise Associates led this round of funding, with previous investors BlueRun Ventures and Crosslink Capital also participating.

SiliconBlue plans to use the funding to accelerate the next phase of the company's growth, said Kapil Shankar, CEO of SiliconBlue.

''The support of our new investor NEA, and continued support of BlueRun Ventures and Crosslink Capital, is an important and inspiring vote of confidence from the VC community,'' he said in a statement. ''Within a short period of three months we have over 70 customer engagements/tools installations. This funding will help us build our sales channel and drive revenue effectively.''

Startup SiliconBlue could rock the boat with the recent rollout of low-power, 65-nm field-programmable gate arrays for the handheld market.