Silicon Clocks takes $7.1M for processor timing devices
Silicon Clocks, a Fremont, Calif. maker of smaller, cheaper chips with timing capabilities, has brought in $7.1 million of a targeted $10.7 million round of equity. The company says it will use the financing for working capital, reports VentureWire.
It last raised funds in 2007, adding $8 million to its then $19 million first round of funding. Past backers include Charles River Ventures, Formative Ventures and Tallwood Venture Capital.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.