Home > Press > Silicon Clocks Raises $8M Financing as Lux Capital Joins Existing Investors Charles River, Formative, and Tallwood
Silicon Clocks, a leader in integrated timing solutions for electronic systems, today announced the completion of an $8M financing. The round includes new investor Lux Capital, an early-stage venture firm focused in MEMS (Micro-Electro-Mechanical Systems) and nanotechnology. Previous investors Charles River Ventures, Formative Ventures and Tallwood Venture Capital also participated in the financing. Josh Wolfe, Managing Partner from Lux Capital, joins Silicon Clocks' Board of Directors as part of the transaction.
Silicon Clocks Raises $8M Financing as Lux Capital Joins Existing Investors Charles River, Formative, and Tallwood
FREMONT, CA | Posted on November 14th, 2007
"Silicon Clocks' innovative MEMS-based IC technology addresses a $4B timing industry that hasn't seen significant innovation in many years," said Josh Wolfe of Lux Capital. "The unique approach delivers new capabilities not possible with traditional quartz or MEMS technologies, and that goes directly towards solving critical customer issues."
"We've always been very proud of having a syndicate of investors with such deep semiconductor experience," said Richard Miller, CEO of Silicon Clocks. "Now with Lux Capital, we're adding another great firm that understands the tremendous impact our innovative silicon technology has on solving real-world problems."
"Timing is fundamental to all electronics. Silicon Clocks provides an industry-changing breakthrough in timing not seen in 20 years," summarized Ron Yara, Tallwood Venture Capital. "Their technology improves performance and reliability while decreasing power, size and overall system costs in all types of electronics products: communications, storage, consumer electronics, and also automotive and medical devices."
About Silicon Clocks
Silicon Clocks, a fabless semiconductor company headquartered in Silicon Valley, develops best-in-class integrated timing products utilizing innovative MEMS and IC technologies. Serving a range of electronic systems, including: high speed serial data, wireless communications, and consumer products, Silicon Clocks delivers improvements in performance, reliability and flexibility combined with reductions in power, size, and part count to provide significant system cost savings. For more information, visit http://www.siliconclocks.com .
About Charles River Ventures
Founded in 1970, Charles River Ventures is one of the nation’s oldest and most successful early-stage venture capital firms with approximately $2.1 billion under management. CRV is dedicated to helping exceptional entrepreneurs turn their ideas into the next category leaders in high growth technology and media sectors. Over the past 10 years, CRV funds have been ranked among the industry’s top performers. CRV has offices in Boston, MA and Menlo Park, CA. For more information, visit http://www.crv.com .
About Formative Ventures
Founded in 2000 and based in Menlo Park, Calif., Formative Ventures is a leading early-stage venture capital firm that invests in the industry’s next-generation emerging technologies leaders in areas such as communications, wireless and next-generation Internet solutions. The founders of Formative believe that in today’s tough environment, technology start-ups are looking for investors with “real-world” start-up experience, and in very specific areas such as sales and marketing processes, scaling an organization for revenue or launching a product line. Formative’s partners are experienced, personable executives who have the management depth, industry domain knowledge and a rich network of contacts to help early-stage companies get the market traction they need to become industry leaders. For more information, visit http://www.formative.com .
About Lux Capital
Founded in 2000, Lux Capital Management is a research-driven investment firm focused on de novo, seed and early stage investments in the physical and life sciences. Lux takes an active role in helping entrepreneurs and management teams build successful businesses in high growth sectors. Our investment team has built over 20 companies from scratch. Lux’s investment strategy ensures our portfolio companies are better connected, have deeper insight, and command industry leadership faster than their competitors. For more information, visit http://www.luxcapital.com .
About Tallwood Venture Capital
Tallwood Venture Capital invests exclusively in semiconductor and semiconductor-related technologies and products – and in the passionate entrepreneurs and compelling ideas that promise to create a significant impact on the semiconductor market. By offering deep semiconductor knowledge, direct operating experience and a high degree of availability, Tallwood builds close, active working relationships with its portfolio companies. Tallwood recognizes that semiconductor investments offer unique challenges – challenges that require patience and the support of partners with extensive semiconductor expertise and a commitment to building successful, enduring companies. Tallwood is committed to assisting its entrepreneurs every step of the way, so they can lead their companies for the long term – an approach the firm believes creates stronger, more successful businesses. For more information, visit http://www.tallwoodvc.com .
For more information, please click here
Copyright © Business Wire 2007
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Harris & Harris Group Reports Financial Statements as of December 31, 2014 and Posts Annual Letter to Shareholders on Website March 17th, 2015
Silicon Catalyst Announces Partnership With imec to Support Semiconductor Start-Ups February 23rd, 2015
Ligar secures investment from Wallace Corporation to commercialise polymers that pick out good and bad molecules: Ground-breaking science innovation removes molecules in the wrong place from liquids February 15th, 2015
Harris & Harris Group Portfolio Company D-Wave Systems Raises an Additional $29 Million (CAD), Closing 2014 Financing at $62 Million (CAD) February 2nd, 2015
ASIC Development for MEMS Applications: A Platform Approach March 25th, 2015
STMicroelectronics Executive Vice-President Benedetto Vigna Awarded IEEE Frederik Philips Award March 12th, 2015
MIG Takes a Roll-Up-Your-Sleeves Approach with Revamped MEMS/Sensors Technical Event -- MIG welcomes technologists to MEMS Technical Congress, emphasizes working groups and breakout sessions on emerging MEMS & sensors, tech transfer and integration March 6th, 2015
French Institutes IRT Nanoelec and CMP Team up to Offer World’s First Service for Post-process 3D Technologies on Multi-Project-Wafer March 5th, 2015
SUNY POLY CNSE to Host First Ever Northeast Semi Supply Conference (NESCO) Conference Will Connect New and Emerging Innovators in the Northeastern US and Canada with Industry Leaders and Strategic Investors to Discuss Future Growth Opportunities in NYS March 25th, 2015
NXP and GLOBALFOUNDRIES Announce Production of 40nm Embedded Non-Volatile Memory Technology: Co-developed technology to leverage GLOBALFOUNDRIES 40nm process technology platform March 24th, 2015
Building shape inspires new material discovery March 24th, 2015
EEE Photonics Society’s Fourth Annual Optical Interconnects Conference Seeks to Bring Together the Latest Advanced Optical Interconnect Technologies, Systems & Architectures for the Next Generation of Supercomputers & Datacenters March 23rd, 2015
Industrial Nanotech, Inc. Announces Next Large Order from the Oil and Gas Industry March 26th, 2015
Quantum compute this -- WSU mathematicians build code to take on toughest of cyber attacks: Revamped knapsack code offers online security for the future March 26th, 2015
Thousands of atoms entangled with a single photon: Result could make atomic clocks more accurate March 26th, 2015
Square ice filling for a graphene sandwich March 26th, 2015