eoSemi Secures Second Round Of Funding

Congleton, UK: All-silicon oscillator company eoSemi has obtained a US$2.3million (£1.5 million) second tranche of funding. All of the company’s existing investors, including NESTA Investments, Capital-E, and EV, participated in the latest round of financing.

The company, founded in 2005, has a core technology that enables new timing devices based entirely on silicon circuitry using standard CMOS processes. The approach allows a timing reference to be placed directly onto a silicon chip, reducing the number of parts. That, in turn, helps cut cost and size. Eventually, eoSemi hopes to displace external quartz crystals, in everything from mobile phones to television, with silicon devices that are less expensive, smaller, and more reliable.