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Engineous Software Receives Investment from Intel 64 Fund for Accelerated Design Improvement Solutions

Strategic Insights

— 2 min read

Engineous Software Inc., a provider of accelerated design improvement solutions for Fortune 100 manufacturers, has received an investment from the Intel 64 Fund. The investment will be used to expand marketing and R&D efforts, including the development of an optimized version of its iSIGHT design improvement software for Intel's upcoming IA-64 product family. This new platform will help meet the growing demand for high-powered engineering automation, integration, and optimization solutions with Engineous' iSIGHT product. Engineous will also use the investment to help develop an optimized version of its iSIGHT software for Intel's IA-64 product family, beginning with the Intel(R) Itanium(TM) processor.

Key Takeaways:

  • Engineous Software Inc. has received an investment from the Intel 64 Fund, a quarter billion dollar equity fund that invests in emerging technologies for next-generation servers and workstations utilizing Intel's IA-64 architecture.
  • The investment will be used to expand marketing and R&D efforts, including the development of an optimized version of its iSIGHT design improvement software for Intel's upcoming IA-64 product family.
  • Engineous will use the investment to help develop an optimized version of its iSIGHT software for Intel's IA-64 product family, beginning with the Intel(R) Itanium(TM) processor.
  • The iSIGHT product is used by leading Fortune 100 manufacturers in aerospace, automotive, electronics, and other industries, including Black & Decker, Corning, Ford, General Electric, General Motors, Hitachi, Honeywell, Kodak, Motorola, NASA, Nissan, Peugeot-Citroen, Raytheon, Rolls Royce, Sony, Toshiba, United Technologies, and Xerox.
  • Engineous operates in North America, Europe, and Asia, with Engineous Japan established in 1998, capturing major commercial and government customers in Japan and Korea.
  • The investment capital from the Intel 64 Fund will be used to help fund an expansion in Engineous' marketing and R&D efforts, including its IA-64 porting work.

Statistics:

  • The Intel 64 Fund is a quarter billion dollar equity fund that invests in emerging technologies for next-generation servers and workstations utilizing Intel's IA-64 architecture.
  • Engineous Software Inc. was founded in 1994 and operates in North America, Europe, and Asia.
  • Engineous has secured major commercial and government customers in Japan and Korea through its Engineous Japan operation, established in 1998.
  • Engineous' iSIGHT product is used by over 10 major Fortune 100 manufacturers in aerospace, automotive, electronics, and other industries.
  • The investment from the Intel 64 Fund will be used to help fund an expansion in Engineous' marketing and R&D efforts, including its IA-64 porting work.

Sources:

  • Business Wire, "Engineous Software Inc. Announces Investment from Intel 64 Fund", June 28, 2000
  • Engineous Software Inc., "About Engineous Software Inc.",
  • Intel 64 Fund, "About the Intel 64 Fund", www.intel64fund.com
  • Engineous Software Inc., "About Engineous Japan",

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