Headquarters: Austin, Texas
CEO: Mark Foley
New Funding: $10 million
Backers: Austin Ventures, ARM, Mercury Fund, Huron River Ventures
Ambiq Micro produces ultra-low power integrated circuits. The newly acquired funding will work to expand the company's Subthreshold Power Optimized Technology (SPOT) that decreases the energy used in standard CMOS chip designs, according to a company press release. The technology will be useful to extend the battery life in emerging markets such as wearable technology from a few days to possibly months or years.