Last week we mentioned that Ambiq Micro, a Zell Lurie startup that made the Poets Quants list of top 100 MBA Startups. In this blog post we wanted to share more about the company to shed light on their success.
Ambiq Micro’s connections to the University of Michigan began with their CTO and Vice President of Engineering, Scott Hanson, who is a graduate from UM’s College of Engineering. It’s connection with UM did not end there; when Ambiq Micro was getting started it received an early investment from the Frankel Fund, now the Zell Lurie Commercialization Fund.
Since then, Grand Angels recently announced its fifth funding commitment of 2013, investing in Ambiq Micro, a leader in ultra-low power integrated circuits. Grand Angels invested alongside venture capital firms Austin Ventures, ARM®, Mercury Fund, Huron River Ventures and other investors in the $10 million Series B funding round.
Ambiq Micro is an advanced semi-conductor company that uses their products for smart cards, wireless sensors, medical devices and more. They are currently developing SPOT, Subthreshold Power Optimized Technology, which will allow products to run at very low voltage rates, requiring less power.
TROUT CREEK VENTURes
A regional co-investment fund specializing in angel and early stage private equity.