Timing chipmaker SpectraLinear Inc.
has raised $10 million in a Series C financing round.
The startup, which makes tiny, low-power consumption, silicon-based components for electronic devices and systems, said the round came from existing investors InterWest Partners, Norwest
Venture Partners, Velocity Interactive Group and ComVentures.
The round was led by Horizon Ventures. It will be used for working capital and to fuel development of new programmable products, the company said. It closed a $14 million Series B round in 2006.
SpectraLinear became the biggest pure-play company offering timing componentry after it
acquired Cypress Semiconductor Corp.'s [
CY] PC clock division in 2006 for an undisclosed price.
- Olaf de Senerpont DomisSee Jan. 26 press release from SpectraLinear
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