Silicon Clocks takes $7.1M for processor timing devices
Silicon Clocks, a Fremont, Calif. maker of smaller, cheaper chips with timing capabilities, has brought in $7.1 million of a targeted $10.7 million round of equity. The company says it will use the financing for working capital, reports VentureWire.
It last raised funds in 2007, adding $8 million to its then $19 million first round of funding. Past backers include Charles River Ventures, Formative Ventures and Tallwood Venture Capital.
Silicon Clocks raises $8M more for chip timing
Silicon Clocks is a fabless semiconductor company focused on integrating timing devices directly onto processor chips.
Current quartz-based technology, which is several decades old, requires a separate processor piece and is somewhat limited in its abilities. Silicon Clocks claims it can reduce the size and cost of chips by building a silicon-germanium micro-electro-mechanical system (MEMS) directly onto a chip.
The $8 million round is a second tranche, bringing the company’s total first funding to $19 million. Investors… Continue Reading