$20M for SiTime

Wade Roush5/31/11

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 Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @