Ambiq Micro, an Austin, Texas-based developer of ultra-low power integrated circuits for power-sensitive applications, closed a $15m Series C funding round.
The round was led by Kleiner Perkins Caufield & Byers (KPCB) with participation from existing investors including Austin Ventures, Mercury Fund, and ARM Holdings. In conjunction with the funding, KPCB partner Wen Hsieh will be joining Ambiq Micro’s board.
The company intends to use the funds to accelerate the development and marketing of its SPOT™ (Subthreshold Power Optimized Technology) platform.
Founded in 2010 and led by CEO and President Mark Foley, Ambiq Micro has developed a proprietary (SPOT) platform that aims to reduce the energy consumption of semiconductors by decreasing the voltage level at which switching occurs inside the chips. The company already manufactures and markets real-time clocks (RTCs) using this technology and a microcontroller (MCU) family, manufactured using the same standard CMOS process, will be announced within the next few weeks to target Internet of Things (IoT) applications, particularly wearable electronic devices.
FinSMEs
10/11/2014