Monday, May 12, 2008

Multigig Raises $12.5M For Timing Chips

Scotts Valley-based Multigig said today that it has raised $12.5M in a Series B funding round. The round came from CMEA Ventures, Sierra Ventures, and Hi-Tech Venture Capital. According to the firm, Faysal Sohail of CMEA, Ben Yu of Sierra, and Aurangzeb Khan have all joined the firm's board of directors. Multigig develops clock and timing technology for the semiconductor industry. According to the company, the funding will go to accelerate the rollout of its line of high performance timing products and to complete a new IC architecture for the wireless infrastructure area. More information »