
AUC Spinoff Suitera Receives $230K Investments in Early Stages
At the March 8 launch event of Suitera, AUC’s latest spinoff, the company received a $100 thousand investment from Walden Rhines, a leading figure in the Electronic Design Automation (EDA) space. Rhines was CEO of Mentor Graphics, one of the big three players in the EDA space, for 24 years and assumed key roles in the industry throughout his career. Mentor Graphics market value has increased tenfold during his time as CEO.