The funding was provided by Intel Capital, the investment arm of the chip giant, that is so far is relying on its own in-house expertise to develop a high-end graphics processor. This is unlike its chief rival, Advanced Micro Devices Inc, which last July acquired Canadian graphic chipmaker ATI Technologies Inc for $5.4bn.
Giza Venture Capital and Genesis Partners were the other investors in the round.
Lucid is based in Kfar Netter, Israel, and employs 27 people. It is currently in stealth mode and product details are still sketchy, but it is known to be developing a graphics acceleration chip that can simultaneously support up to four graphical processing units. It does this by spreading the workload between the four processors, a feature that is likely to be of significant interest to the high-end gaming market.
The company received $500,000 in seed funding in August 2003, with a $4.5m Series A funding round in August 2005.
