November 15, 2010 | By admin |
Ambiq Micro Inc., a 2010 Microcontroller startup, has announced it has received a $2.4 million in venture capital funding from backers that include ARM Holdings plc and Cisco Inc. The seed funding round was LED by DFJ Mercury. Other investors include: ARM, Draper Fisher Jurvetson, Cisco, The Frankel Fund, Huron River Ventures and a number of undisclosed private investors.
The money will enable the expansion of engineering, sales and marketing teams, the company said.