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GateRocket Blasts Off with $3 Million Series A Round

Bedford, MA-based GateRocket, which makes testing, verification, and debugging equipment for specialized microprocessors called field-programmable gate arrays or FPGAs, said today that it has closed a $3 million Series A financing round led by New Atlantic Ventures of Cambridge, MA and Reston, VA, the Massachusetts Technology Development Corporation (MTDC) of Boston, and Long River Ventures, which has offices in Westborough, MA, and Hadley, MA. The Series A round, which brings the company’s total funding to $4.5 million, will be used to build GateRocket’s sales and development teams.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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