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Home > News > Big names bring the big bucks

September 13th, 2004

Big names bring the big bucks

Abstract:
Backed by several local big-name investors, 19-month-old startup Ambric Inc. has just landed $10.4 million in a Series A round of funding. The round was co-led by local firm OVP Venture Partners and $1.5 billion Silicon Valley firm ComVentures.

"This company has the promise to be the next big thing" in semiconductor technology, said Dave Chen, a partner with OVP and a member of Ambric's board.

Source:
ACBJ

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