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In June 2001 Pond Venture Partners invested in picoChip - an A round investment in conjunction with Atlas Ventures. The company then grew to 35 people by the end of the year on the back of that funding. Today picoChip has blue-chip customers including Intel, Nortel and Korea Telecom. Now that picoChip is more established. Pond is less involved in the day-to-day running of the company although it still has partners on the board. Pond's approach to picoChip, in its early stages, was exceptionally hands on, which was what was needed at the time. A less hands-on approach is more usual.