Sign In

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.

Related stories
Bitcoin tech company KnCMiner gets $15 million in Series B round
SmartKem secures 3 million from investors including BASF
8.2 million financing round and new CEO for DelfMEMS
GLO appoints former Philips Lighting exec as chairman
Virtensys appoints John Nicholson as chairman


Tech investments
From our Online Data Service
VC-backed companies
From our Radar

Recent Deals

Nov 25€24.0MInternet commerce
Nov 8N/AOther Computers & Electronics
Nov 5€2.1MAudio/Video
Nov 5€5.2MOther Computers & Electronics
Nov 5€0.4MInternet services
Nov 5€1.3MSecurity
Nov 5€1.5MAudio/Video

For information on Europe's most extensive database on technology funding click here!


Press Releases

Sep 30
tetavi raises $6 million to help more companies bring 3d holograms ...

May 28
identiq raises $5m seed, launches privacy-first identity validation...

Apr 29
nethone raised over $1 million from innovation nest

Mar 31
the fit allocates chf 100'000 to comppair technologies

Jan 29
yumpingo raises $10m to transform guest experiences in restaurants

About usContact usLegal Information
Copyright 1999-2019
Emerging Technology Research Europe Inc. All rights reserved.