Staff Writer- Austin Business Journal
Ambiq Micro Inc. has received $3.6 million of a planned $5.4 million financing.
The West Lake Hills-based company collected the capital from 25 investors, according to a Friday filing with the the U.S. Securities and Exchange Commission.
Ambiq Micro, founded in 2010 as Cubiq Microchip Inc., develops energy efficient microcontrollers.
The company completed a $1.1 million funding from 22 investors in July and $694,000 from 19 investors in February, SEC filings indicate.
In September, Ambiq Micro announced a channel partnership with California-based Abracon Corp. that was designed to enable Abracon to sell and distribute Ambiq Micro low-power real time clock devices directly and through its global distribution channel.
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