Silicon Clocks gets a well-timed $8M from Lux Capital

November 16, 2007 – Silicon Clocks Inc., a Fremont, Calif.-based developer of MEMS-based timers for electronic systems, has announced completion of $8 million in financing.

The round includes new investor Lux Capital, Previous investors Charles River Ventures, Formative Ventures and Tallwood Venture Capital also participated in the financing. Josh Wolfe, Lux Capital’s managing partner, will join Silicon Clocks’ Board of Directors as part of the transaction.

“Silicon Clocks’ innovative MEMS-based IC technology addresses a $4B timing industry that hasn’t seen significant innovation in many years,” Wolfe said. “The unique approach delivers new capabilities not possible with traditional quartz or MEMS technologies, and that goes directly towards solving critical customer issues.”

The company’s technology has applications in electronic devices such as communications, storage, consumer electronics, and also automotive and medical devices.

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