urlAmbiq Micro, an Austin-based maker of ultra-low power integrated circuits, announced Tuesday that is has secured $10 million in Series B financing.
Austin Ventures led the round along with participation from existing investors including ARM, Mercury Fund, Huron River Ventures and other investors.
Ambiq Micro makes technology that lets semiconductors operate at low power levels.
“As more and more markets are demanding devices that are mobile, portable or remote, batteries and low power ICs become essential enablers for business,” Mark Foley, CEO and President of Ambiq Micro said in a news release. “With this investment round, we will proliferate our SPOT platform-based products to these emerging low-power markets and applications. AV is a perfect partner for us as it shares our vision for the rapid growth of the Internet of Things.”
The company’s technology can be used in batteries for smart watches, wireless sensors, smart cards and medical devices.
“Austin Ventures expects Ambiq Micro products to have a major impact in many high-growth applications. Long life will be the driving factor behind consumer acceptance of new networked, battery-operated devices. Ambiq Micro is forging a path to change the market. We are very excited to join its investor group,” Clark Jernigan, Venture Partner, Austin Ventures, said in a news release.