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9.5 million first round for Energy Micro

18 March 2010 12:10
By Tornado Staff

Energy Micro, a Norwegian energy-friendly microcontroller company, has received 9.5 million from Northzone Ventures and Investinor in its first external funding round. The investment will be used to continue the development of the company's product portfolio, to develop and bring to market a family of energy-friendly radio products and to expand the organization and sales channels. Northzone Ventures GP, Torleif Ahlsand, will join Energy Micro's board of directors as chairman, while Steinar Fossen, investment director of Investinor, will become board member.

Energy Micro was founded in 2007. The company develops its microcontrollers based on the ARM Cortex-M3 32-bit architecture. It launched its first product, the 32-bit EFM32 Gecko microcontroller family, in October last year. The company claims that the products consume just a quarter of the energy of existing 8, 16 or 32-bit microcontrollers, making them particularly suitable for energy sensitive applications, including energy metering, home and building automation, alarm and security systems and medical equipment.

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