SiTime Corporation, a Sunnyvale, CA-based MEMS analog semiconductor company, closed a $25m financing.
It consisted of a combination of structured debt facility of $15m provided by Capital IP Investment Partners LLC and strategic equity investment from other investors.
The company intends to use the funds to continue to grow the business.
Led by Rajesh Vashist, CEO, SiTime offers MEMS-based silicon timing solutions that replace legacy quartz products and have mobile, cloud-big data, infrastructure, industrial and automotive applications.
FinSMEs
23/09/2014