Jun 9 2009
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.”