deals, VC, Hardware

GateRocket Blasts Off with $3 Million Series A Round

Wade Roush 9/15/08

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.