Ambiq Micro Raises $23.5 Million

Semiconductor company Ambiq Micro closed $23.5 million in financing from an undisclosed investor.

Ambiq Micro is a semiconductor company, based in Austin, TX, developing the world’s most energy-efficient integrated circuits. Ambiq is developing a series of ultra-low power products based on its Subthreshold Power Optimized Technology (SPOT™) Platform.  The company’s first product is a standard-setting, energy-efficient real-time clock (RTC) that has gained significant customer traction. The company’s key markets include smart cards, wearables, wireless sensors, smart watches, medical devices, and a wide variety of other wireless devices.