Multigig confirms $12.5 million financing round for silicon clocks
Would you give a clock maker $12.5 million in venture capital?
Certainly, if you’re talking about the tiny timing clocks inside silicon chips. Multigig, a maker of a new generation of clocks for silicon chips, confirmed a previously reported second round of financing.
Multigig’s clocks replace the quartz clocks in most chips today. Modern clocks made of crystal often account for as much of 50 percent of the power dissipated by a chip. Clocks thus hold up chip designers who want to create designs with higher performance.
Multigig’s patented RotaryWave technology enables clocks with time slices of a picosecond, or a trillionth of a second. It does so in part by recycling its electrical charge rather than continuously requiring more power. The company plans to create solutions that can address a variety of both wired and wireless communications. The clocks will theoretically reduce costs and allow chipmakers to integrate more functions onto a single chip than they can do today.
Investors include CMEA Ventures, Sierra Ventures and Hi-Tech Venture Capital. Faysal Sohail of CMEA Ventures, Ben Yu of Sierra Ventures and Aurangzeb Khan join Multigig’s Board of Directors.
Multigig will use the financing to accelerate the rollout of a line of high-performance timing products. Additionally, the company will complete the development of new chips for wireless infrastructure.
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About the Author, Dean Takahashi
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. Dean previously worked at the San Jose Mercury News, the Wall Street Journal, the Red Herring, the Los Angeles Times, the Orange County Register and the Dallas Times Herald. He is the author of two books, Opening the Xbox and the Xbox 360 Uncloaked. Follow him on Twitter at @deantak, and follow VentureBeat on Twitter at @venturebeat.