$20M for SiTime

5/31/11

Sunnyvale, CA-based SiTime, which makes silicon-based MEMS timing devices, has raised $20 million in Series E funding, according to a report today in Dow Jones VentureWire. Jafco Ventures, Bosch Group, Camp Ventures, CID Group, Grazia Equity, Greylock Partners, New Enterprise Associates, and Northgate Capital participated in the round. SiTime is attempting to break into a market for electronic timing circuits currently dominated by quartz crystal-based devices.

Wade Roush is a contributing editor at Xconomy. Follow @

By posting a comment, you agree to our terms and conditions.