Ambiq Micro secures $15m for SPOT power platform
Texas based power electronics firm Ambiq Micro has closed a $15million Series C funding round to accelerate the development of its SPOT (subthreshold power optimised technology) platform.
The funding round was led by Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers (KPCB), and supported by existing investors, including ARM Holdings.
Ambiq's proprietary SPOT platform is optimised to reduce the energy consumption of semiconductors by lowering the voltage level at which switching occurs inside the chips.
The company already manufactures and markets real time clocks using this technology and a microcontroller family, manufactured using the same standard CMOS process, will be announced within the next few weeks.
Ambiq's CEO and president Mark Foley commented: "We're very privileged to welcome KPCB as both an investor and partner for growth.
"We're also delighted that our earlier investors decided to participate in the new funding round, reinforcing our belief that our SPOT platform is going to redefine the meaning of 'ultra low power' in the electronics industry at a time when there is a global explosion in demand for small, battery powered products."
Source: www.newelectronics.co.ukPrevious news All news of day Next news
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