Ambiq Micro, a University of Michigan-based developer of generation energy-efficient microcontrollers that have the potential to extend the battery life of wireless devices, has received an initial funding of undisclosed amount from the Ross School of Business’ Frankel Commercialization Fund.
The company’s technology could be used in smart credit cards, sensors that control temperature or detect motion in smart homes and buildings, and a variety of medical and mobile devices.
The company recently received a $250,000 prize by Draper Fisher Jurvetson (DFJ) and Cisco as part of their co-sponsored Global Business Plan Competition for university and business school students. The Frankel Fund investment, along with the DFJ/Cisco investment, will be used to support early product development and customer evaluation activities.
Ambiq Micro also received support from the University of Michigan’s Office of Technology Transfer.
FinSMEs
01/09/2010