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ARM, Cisco invests in MCU start-up

Posted: 18 Nov 2010     Print Version  Bookmark and Share

Keywords:microcontroller  MCU start-up  MCU  power 

Ambiq Micro Inc. a microcontroller developer founded in January 2010 and working on advanced power management techniques for energy-efficient MCUs has received Rs.10.72 crore ($2.4 million) in venture capital funding from ARM Holdings plc, Cisco Inc. and other investors. The money will be used to expand the engineering, sales and marketing teams, the company said.

The seed funding round was led by DFJ Mercury. Other investors include Draper Fisher Jurvetson, The Frankel Fund, Huron River Ventures and undisclosed private investors.

According to the company, they have developed 32bit ARM M-class processors that are more energy-efficient than the simplest 8bit MCUs. The company's website says it has already developed the world's most energy efficient "semiconductor solutions" but no parts or datasheets are listed.

In July 2010 the company was the winner of the second annual global business plan competition for university and business school students, sponsored by Draper Fisher Jurvetson and Cisco. Scott Hanson and Phil O'Niel, from the University of Michigan, were the successful presenters and won Rs.1.12 crore ($250,000) in seed backing from Draper Fisher Jurvetson and Cisco. And clearly they have been able to leverage that handsome prize into Rs.10.72 crore ($2.4 million).

- Peter Clarke
EE Times

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