Wednesday, April 28, 2010

Silicon Clocks Acquired by Silicon Laboratories

Fremont-based Silicon Clocks, a developer of MEMs timing technology which was backed by Tallwood Venture Capital, Charles River Ventures, Formative Ventures, Lux Capital and Silicon Labs, has been acquired. According to acquiring firm--and investor--Silicon Laboratories, the buy will boost its research and development team, and bring 20 key patents to the company. Financial terms of the acquisition were not disclosed. Silicon Clocks last round was a $10.3M, Series C funding in June of 2009.