Monday, February 5, 2007

Summit Microelectronics Raises $10M From Nokia, Others

San Jose-based Summit Microelectronics said today it has raised $10M in funding from Nokia Growth Partners, along with existing investors Norwest Venture Partners, August Capital, Pequot Ventures, Bessemer Venture Partners, Hotung Capital Management, and others. Nokia invested $4M in the round. Summit Microelectronics develops power management ICs used for portable and handheld electronics. More information »