Ambiq Micro receives $3.2 million

Christopher Calnan
Staff Writer-Austin Business Journal

Ambiq Micro Inc. has received $3.2 million of a planned $4 million financing.

The West Lake Hills-based company collected the capital from 29 investors, according to a Monday filing with the theU.S. Securities and Exchange Commission.

Ambiq Micro, founded in 2010 as Cubiq Microchip Inc., develops energy efficient microcontrollers.

In November 2012, the company reported collecting $3.6 million of a planned $5.4 million financing from 25 investors, an SEC filing shows.

In September 2012, Ambiq Micro announced a channel partnership with California-based Abracon Corp. that was designed to enable Abracon to sell and distribute Ambiq Micro clock devices directly and through its global distribution channel.