{"id":565486,"date":"2021-04-12T13:33:39","date_gmt":"2021-04-12T13:33:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/software-startup-suitera-lands-usd-230k-in-investments\/"},"modified":"2021-04-12T13:33:39","modified_gmt":"2021-04-12T13:33:39","slug":"software-startup-suitera-lands-usd-230k-in-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/software-startup-suitera-lands-usd-230k-in-investments\/","title":{"rendered":"Software startup Suitera lands USD 230k in investments"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>AUC software spinoff <\/strong><strong><a href=\"https:\/\/suiteratech.com\/main\/\">Suitera<\/a><\/strong><strong> has received USD 230k in investments<\/strong> from electronic design automation firm Mentor Graphics\u2019 former CEO Walden Rhines and three other private investors, according to a <a href=\"https:\/\/ent.news\/2021\/4\/Suitera-AUC-Press-Release.pdf\">press release (pdf)<\/a> from AUC. Rhines invested USD 100k, while the other three investors put up a combined USD 130k. Suitera plans to use the funding to hire talent and continue building its product pipeline.<\/p>\n<p><strong>What is Suitera?<\/strong> The semiconductor startup \u2014 which was founded in 2020 by AUC professor of electronics Yehea Ismail and electronic design automation industry veterans Magdy Abadir and Eby Friedman \u2014 creates analysis and optimization tools. These tools are designed to reduce the computational time and resources required to perform complex modeling, analysis, and simulation tasks. Suitera has one viable product currently being tested by global market leaders, with another product in development and more products in the pipeline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AUC software spinoff Suitera has received USD 230k in investments from electronic design automation firm Mentor Graphics\u2019 former CEO Walden Rhines and three other private investors, according to a press release (pdf) from AUC. Rhines invested USD 100k, while the other three investors put up a combined USD 130k. Suitera plans to use the funding [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10043],"tags":[694,169,633,645,95,639],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565486","post","type-post","status-publish","format-standard","hentry","category-speed-round-startup-watch","tag-5g","tag-auc","tag-enterprisepm","tag-semiconductors","tag-startup-watch","tag-technology","wpautop","entry"],"acf":{"mongo_id":"80c8a3f4-d228-4ca8-862a-800068d3a994","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[565481],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Software startup Suitera lands USD 230k in investments - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/software-startup-suitera-lands-usd-230k-in-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Software startup Suitera lands USD 230k in investments\" \/>\n<meta property=\"og:description\" content=\"AUC software spinoff Suitera has received USD 230k in investments from electronic design automation firm Mentor Graphics\u2019 former CEO Walden Rhines and three other private investors, according to a press release (pdf) from AUC. Rhines invested USD 100k, while the other three investors put up a combined USD 130k. Suitera plans to use the funding [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/software-startup-suitera-lands-usd-230k-in-investments\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-12T13:33:39+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/software-startup-suitera-lands-usd-230k-in-investments\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/software-startup-suitera-lands-usd-230k-in-investments\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Software startup Suitera lands USD 230k in investments\",\"datePublished\":\"2021-04-12T13:33:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/software-startup-suitera-lands-usd-230k-in-investments\/\"},\"wordCount\":148,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"5G\",\"AUC\",\"EnterprisePM\",\"semiconductors\",\"Startup watch\",\"technology\"],\"articleSection\":[\"SPEED ROUND: STARTUP WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/software-startup-suitera-lands-usd-230k-in-investments\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/software-startup-suitera-lands-usd-230k-in-investments\/\",\"name\":\"Software startup Suitera lands USD 230k in investments - 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