January 26, 2009 -- SpectraLinear, Inc. today announced that it has raised $10M in Series C financing. The new financing will be used for working capital and to develop new programmable products that further capitalize on SpectraLinear’s line of timing technology products. The round included strong support from founding investors InterWest Partners, Norwest Venture Partners, and Velocity Interactive Group, and more recent investor ComVentures. New investor, Horizon Ventures, led the Series C funding.
"SpectraLinear offers a wide range of programmable platforms that solve complex and difficult system-level timing problems which is a crucial differentiator to the market," said Jack Carsten, Managing Director, Horizon Ventures. "Its timing solutions offer unsurpassed programmability, flexibility and best of class performance and features."
"Over the past year or so, we’ve received significant customer acceptance with our EPROClock programmable clock technology," said Dr. Ilhan Refioglu, SpectraLinear’s President and CEO. "We can now further accelerate our market progress with the backing of Horizon Ventures. This round of investment is a strong testament to our strong programmable clock IP, patent portfolio and a broad base of innovative integrated timing product offerings."
Go to the SpectraLinear, Inc. website to find additional information.
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