Silicon Clocks,
a fabless semiconductor company headquartered in Silicon Valley, today announced
the completion of a $10.3M Series C financing to enable the company to ramp
into full production the J-Series family of low jitter timing products, as well
as transition its cutting edge CMEMSTM (Standard CMOS + MEMS) process technology
into commercial products. All of the company's previous investors participated
in the financing, including Tallwood Venture Capital, Charles River Ventures,
Formative Ventures and Lux Capital. The round also included Austin-based Silicon
Labs (NASDAQ: SLAB), a leader in mixed-signal innovation in CMOS.
Historically, MEMS technology has required boutique processing and complicated
packaging strategies. Silicon Clocks’ innovative CMEMS™ technology
enables developers to simultaneously integrate many mechanical devices directly
on top of CMOS wafers using more standardized semiconductor fabrication techniques.
This enabling technology allows the addition of timing, sensing and optical
capability to a single monolithic piece of silicon.
“We believe the promise of MEMS technology has yet to be fulfilled, and
Silicon Clocks’ unique CMEMS™ approach is very compelling, particularly
as an enabler of highly integrated timing and sensor products,” said Mike
Petrowski, timing product line director of Silicon Labs.
“We’re incredibly proud to have Silicon Labs join our existing
venture investors,” said Didier Lacroix, CEO of Silicon Clocks. “This
recent financing round is an endorsement of the approach that we’ve taken
to put CMEMS™ into high volume, high performance, value-add integrated
timing products.”
“For Silicon Clocks to raise a round of this quality, during this economic
climate, speaks volumes about the potential of their technology as it approaches
mass production,” said Luis Arzubi, General Partner of Tallwood Venture
Capital. “We are especially pleased to bring Silicon Labs into the investor
syndicate, given their history of successfully bringing innovative mixed-signal
products in standard CMOS to market.”
Posted June 9th, 2009
