Silicon Clocks gets a well-timed $8 Million from Lux Capital

Silicon Clocks Inc., a Fremont, Calif.-based developer of MEMS-based timers for electronic systems, has announced completion of $8 million in financing.

The round includes new investor Lux Capital, Previous investors Charles River Ventures, Formative Ventures and Tallwood Venture Capital also participated in the financing. Josh Wolfe, Lux Capital’s managing partner, will join Silicon Clocks’ Board of Directors as part of the transaction.

Silicon Clocks’ innovative MEMS-based IC technology addresses a $4B timing industry that hasn’t seen significant innovation in many years, Wolfe said, The unique approach delivers new capabilities not possible with traditional quartz or MEMS technologies, and that goes directly towards solving critical customer issues.

The company’s technology has applications in electronic devices such as communications, storage, consumer electronics, and also automotive and medical devices.

Weve always been very proud of having a syndicate of investors with such deep semiconductor experience, said Richard Miller, CEO of Silicon Clocks. Now with Lux Capital, were adding another great firm that understands the tremendous impact our innovative silicon technology has on solving real-world problems.

Timing is fundamental to all electronics. Silicon Clocks provides an industry-changing breakthrough in timing not seen in 20 years, summarized Ron Yara, Tallwood Venture Capital. Their technology improves performance and reliability while decreasing power, size and overall system costs in all types of electronics products: communications, storage, consumer electronics, and also automotive and medical devices.

Silicon Clocks, a fabless semiconductor company headquartered in Silicon Valley, develops best-in-class integrated timing products utilizing innovative MEMS and IC technologies. Serving a range of electronic systems, including: high speed serial data, wireless communications, and consumer products, Silicon Clocks delivers improvements in performance, reliability and flexibility combined with reductions in power, size, and part count to provide significant system cost savings.

For more information, please visit www.siliconclocks.com