Montalvo seeking a hoard of cash to avoid shutdown
Montalvo Systems has been seeking a hoard of cash in its latest fundraising round, but the chip startup is dangerously close to running out of money, VentureBeat has learned.
Although it raised $73 million, the company has run into problems finishing a chip that will compete with Intel in the low-power portable devices market, a market where chip giant Intel has become increasingly competitive. The company grew to nearly 300 employees in Santa Clara and India,… Continue Reading