News & Analysis
MEMS Pioneer Raises $25M, Including Debt
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LONDON — SiTime Corp. of Sunnyvale, Calif., a pioneer of MEMS resonator devices as replacements for quartz timing devices, has announced it has closed a $25 million round of financing that includes a $15 million debt facility provided by Capital IP Investments Partners LLC (CapIP).
Other unnamed investors provided $10 million of equity investment.
This brings the equity investment in SiTime to more than $50 million. A round of investment in November 2013 brought in an unknown sum from investors that included Greylock Partners, Jafco Ventures, Robert Bosch Venture Capital, Grazia Equity, and New Enterprise Associates.
SiTime claims to have an 80 percent share of the market for MEMS-based silicon timing products that replace quartz crystal oscillators and to have shipped 250 million devices. The company did not indicate what it needs the money and debt facility for.
"We have the best MEMS technology, the broadest product portfolio, the largest customer base, the highest shipped volumes, and are the preferred timing supplier for exciting new applications such as wearables and Internet of Things (IoT)," said Rajesh Vashist, CEO of SiTime, in a statement.
Article originally published on EE Times Europe.
Commentary
Yeah I think they will make a nice IPO, and I do wish I could invest in their business. Not possible.
So I sift a fair bit of sand, all of it related to the evolution of the mobile device. There are a handful of private companies that I would invest in if I could. SiTIme is one of them.......which brings me back to QUIK. I have NOT found another single entity yet that is small, attached to mobile device opportunities, has traded stock.
So its not like there are so many to choose from out there....but I will keep following interesting things and see if anything turns up.
There are some nice companies, the most recent one is AMS sesnor, new to me, have made nice moves, and has more potential that I can glimpse, but its already a billion dollar business.....so I am not buying shares of their business.......maybe I should have when they bought Taos as I knew who there were back then..........
This brings the equity investment in SiTime to more than $50 million. A round of investment in November 2013 brought in an unknown sum from investors that included Greylock Partners, Jafco Ventures, Robert Bosch Venture Capital, Grazia Equity, and New Enterprise Associates.
SiTime claims to have an 80 percent share of the market for MEMS-based silicon timing products that replace quartz crystal oscillators and to have shipped 250 million devices. The company did not indicate what it needs the money and debt facility for.
"We have the best MEMS technology, the broadest product portfolio, the largest customer base, the highest shipped volumes, and are the preferred timing supplier for exciting new applications such as wearables and Internet of Things (IoT)," said Rajesh Vashist, CEO of SiTime, in a statement.
Article originally published on EE Times Europe.
Commentary
Yeah I think they will make a nice IPO, and I do wish I could invest in their business. Not possible.
So I sift a fair bit of sand, all of it related to the evolution of the mobile device. There are a handful of private companies that I would invest in if I could. SiTIme is one of them.......which brings me back to QUIK. I have NOT found another single entity yet that is small, attached to mobile device opportunities, has traded stock.
So its not like there are so many to choose from out there....but I will keep following interesting things and see if anything turns up.
There are some nice companies, the most recent one is AMS sesnor, new to me, have made nice moves, and has more potential that I can glimpse, but its already a billion dollar business.....so I am not buying shares of their business.......maybe I should have when they bought Taos as I knew who there were back then..........
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