$15.6 million was raised by Ambiq Micro following the successful placement and issuance of its unregistered equity securities. A total of twenty-seven investors participated to the non-brokered placement which started today. A total of ten unregistered securities offerings closed by the company raised an estimated $23.95 million.
Ambiq Micro develops, designs and markets a portfolio of ultra-low power semiconductors. It developed an advanced complementary metal–oxide–semiconductor (CMOS) platform, SPOT (Subthreshold Power Optimized Technology), that reduces the system power requirements for semiconductors used in energy critical applications. Financial backers include Austin Ventures, Mercury Fund and Huron River Ventures.
The company, headquartered in Austin TX, is led by Mark Foley (President and CEO). Ambiq Micro elected to keep its revenues undisclosed.
The executive team includes Edward B Hill, Greg Van De and Scott Hanson.
The board of directors includes Clark Jernigan, Mike Noonen, Weijie Yun and Wen Hsieh.
The company has raised an estimated total of $39.55 million via private unregistered security offerings.
Company: Ambiq Micro
Industry: Other Technology
Amount offered: $15.6 million
Amount placed: $15.6 million
First sale: 11-07-2014
Data as of: 11-07-2014