A microcontroller developer completed $15.6 million financing as per Friday filing with the United States Securities and Exchange Commission. Ambiq Micro Inc. collected the said funding from 27 investors. Executives are unable to comment but they announced the participation of a new investor.
The company started its operations in 2010 under the name of Cubiq Microchip Inc. It is a developer of microcontrollers which are energy efficient. It employs a total of 11 workers as of last year.
Ambiq Micro also completed its Series B funding on August 2013. It involves 30 investors amounting to $10 million worth of financing.
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