Axis Semiconductor Snags $1M

Roxanne Palmer6/19/09

Marlborough, MA-based signaling company Axis Semiconductor has completed half of a proposed $2,050,000 equity financing round, according to an SEC filing. No details on the investors were provided, par for the course for the company, which has been in stealth mode since its incorporation in 2007. Three members of Axis’ board of directors, including the chairman, previously worked at Analog Devices, the Norwood, MA-headquartered signal communications firm. Axis’ website claims its technology “improves the efficiency of signal and data processing by orders of magnitude over existing solutions.”

Roxanne is an intern in Xconomy's Boston office. You can reach her at rpalmer@xconomy.com.