SiliconBlue Technologies, a Santa Clara, California-based manufacturer of ultra-low power, single-chip, SRAM field-programmable gate array (FPGA) devices designed specifically for handheld consumer applications, closed a $15m Series C preferred stock financing.
The round was led by Chicago-based venture capital firm Apex Venture Partners, with participation from current investors Crosslink Capital, BlueRun Ventures and NEA.
In conjunction with the funding, Mr. Pauker, General Partner at Apex Venture Partners, will join the board of directors of the company.
The capital infusion will enable SiliconBlue to strengthen customer support infrastructure, sales channels, ramp up the production, and develop innovative products.
The company’s iCE65 mobileFPGA devices meet the power, area, capacity and price requirements for battery-operated products such as mobile internet devices, smartphones, eReaders, and digital cameras.