Seagate-backed customised silicon device maker Easic aims to float on Nasdaq after raising $120m in venture funding.

Easic, a US-based fabless semiconductor producer backed by data storage company Seagate Technology, has filed for a $75m initial public offering on Nasdaq.

Founded in 1999, Easic has developed a platform which reduces both the cost and production time of customised silicon devices used in a range of applications from wireless infrastructure to smartphones.

Easic has raised approximately $120m in equity funding and debt financing, according to regulatory filings. Most recently, it secured $23.5m in growth financing in 2013 from…