Atmosic innovator of ultra-low-power wireless for the Internet of Things (IoT), today announced the completion of its Series B funding, raising $28.5 million. This investment, led by Sutter Hill Ventures – along with investments from Clear Ventures, Walden International, Dolby Family Ventures, and Arden Road Investments – brings the total amount of funding raised to $49.5 million since the company’s inception in 2016. This new round of funding will be used to deploy Atmosic’s award-winning M2 and M3 series Bluetooth 5 system-on-a-chip (SoC) solutions into commercial products in early 2020. The funding will also support the company’s continued laser focus on R&D to develop its next generation solutions, and Atmosic’s efforts to scale the business as the supplier of the lowest-power consumption wireless technologies for the IoT.
Industry NewsUpdated at 2020-07-31
