Monday, January 26, 2009

SpectraLinear Gains $10M

Santa Clara-based SpectraLinear said Monday that the firm has raised $10M in a Series C financing round. The firm, which develops timing ICs, said the funding was led by Horizon Ventures, and included prior investors InterWest Partners, Norwest Venture Partners, and Velocity Interactive Group, and ComVentures. The new funding will go towards working capital, and to develop new products. SpecetraLinear's technoogy is based on products acquired by Cypress Semiconductor's clock division. More information »