Semiconductors - Thursday, August 23, 2007
Budget Micro-controller Maker Luminary Raises $25M To Take Biz To China
Austin chip startup, Luminary Micro, has raised a $25M VC investment that will go toward expansion into the Chinese market. Adams Street Partners led the round, with New Enterprise Associates, EXA Ventures and ATA Ventures. Luminary has raised $44M to date in three rounds.
Luminary Micro produces 32-bit MCUs at what it touts is an high price/performance. Its chips are used in industrial motor controls, building access and security systems, exercise equipment and heating and air-conditioning system compressors. Its controllers sell for about $1, which compares to less powerful 8-bit and 16-bit controllers.The startup is led by Jim Reinhart who was VP, Product Development at Cirrus Logic.
Read - Austin Statesman
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