Tilera raises $45 million from Samsung and Cisco

Chip company Tilera, which became famous for designing 100 core chips while the rest of the world thought eight was a pretty neat idea, has managed to score some key investment cash from Samsung and Cisco.

In a statement, the company said that it has raised $45 million in financing from the pair. As well as a large chunk of cash from other venture capitalists. Last year the outfit raised $25 million.

Tilera’s designs are fairly radical. Their cores operate independently and run a different operating system. This makes them at the cutting edge of virtual computing environments which are fairly likely to become the industry standard, along with cloud based systems.

The chips can also be used to run like a cluster of multiprocessor systems and manage super computer functions.

Tilera has customers and expects to reach profitability later this year. The $45 million round of funding means that the company will be stable for the foreseeable future.