Austin, TX (PRWEB) November 9, 2010
Ambiq Micro, Inc., providing the worlds most energy efficient microcontrollers, today announced the close of a $ 2.4M round of seed funding. The round is led by DFJ Mercury, a seed and start-up venture capital firm investing in compelling and novel start-up opportunities in information technology, advanced materials and bioscience. The funding will enable Ambiq to expand its engineering, sales and marketing teams. Other investors include: ARM, Draper Fisher Jurvetson, Cisco, The Frankel Fund, Huron River Ventures and a number of private investors.
“DFJ Mercury is excited to support Ambiq Micro in its efforts to bring world-class ultra-low power microcontrollers to market,” stated Ned Hill, Managing Director, DFJ Mercury. “Ambiq provides proven technology that enables new products where the requirements for significant battery life extend far beyond the capabilities available today.”
“Ambiq Micro is extremely pleased to be supported by DFJ Mercury, ARM and the other investors on this stellar list,” said Scott Hanson, CEO of Ambiq Micro. “This vote of confidence in Ambiq provides the capital needed to accelerate our business and provide product to a much wider range of customers.”
About Ambiq Micro, Inc.
Ambiq Micro is the technology leader for ultra-low power microcontrollers. Extensive research in advanced power management techniques has produced 32-bit ARM