What is SiTime?
Founded in 2004 and based in Santa Clara, CA, SiTime Corporation specializes in the development and manufacturing of silicon-based timing solutions. Their product portfolio includes oscillators, clock generators, and embedded resonators, which are critical components in a wide array of electronic devices such as ethernet switches, computing devices, graphics cards, disk drives, mobile phones, and subscriber identity module cards. SiTime's technology is foundational for the performance and reliability of modern electronics, positioning them as a key player in the semiconductor industry.
How much funding has SiTime raised?
SiTime has raised a total of $189.1M across 11 funding rounds:
Series B
$10.5M
Series B
$12M
Series C
$20.6M
Angel/Seed
$11.1M
Series D
$20M
Private Equity
$20M
Series E
$20M
Multiple Rounds
$75M
Series B (1998): $10.5M, investors not publicly disclosed
Series B (2006): $12M led by NEA, CampVentures, Bosch, and Greylock
Series C (2007): $20.6M supported by Icon Ventures
Angel/Seed (2008): $11.1M, investors not publicly disclosed
Series D (2009): $20M backed by Icon Ventures
Private Equity (2009): $20M with participation from Jafco Ventures, New Enterprise Associates, and Greylock Partners
Series E (2011): $20M led by Mobile Internet Capital and RUSNANO
Other Financing Round (2014): $25M supported by Capital IP Investment Partners
Unspecified (2014): $10M featuring Undisclosed
Private Equity (2014): $25M backed by Capital IP Investment Partners
Debt (2014): $15M with participation from Capital IP Investment Partners
Key Investors in SiTime
Icon Ventures
Icon Ventures is an early-stage venture capital fund based in Palo Alto, CA, specializing in investing in AI-native and AI-powered companies. With over two decades of experience, they provide not just capital but also deep expertise and strong relationships within the venture capital ecosystem. Their investment approach focuses on building transformative companies that create enduring value rather than quick exits. Icon Ventures aims to partner with visionary entrepreneurs to help define the future of industries reshaped by AI.
Capital IP Investment Partners
Capital IP Investment Partners LP specializes in providing customized non-dilutive credit solutions for mid-to-late-stage technology companies across North America, Europe, Australia, and Israel. Their services include growth capital, recapitalizations, acquisition financing, and shareholder liquidity, aimed at maximizing value for stakeholders while ensuring operational and financial flexibility. With a focus on the software, hardware, and data-analytics sectors, Capital IP leverages deep industry expertise to offer creative structuring solutions tailored to the needs of their partner companies. The firm is led by experienced managing partners with extensive backgrounds in technology investment banking and credit investing.
New Enterprise Associates
Established in 1977 and headquartered in Menlo Park, California. New Enterprise Associates(NEA) is a venture capital firm focused on helping entrepreneurs build businesses.
What's next for SiTime?
The substantial enterprise-level funding and strategic investment SiTime has received indicate a strong market confidence in its technology and future growth prospects. This capital infusion is likely to fuel further research and development, enabling SiTime to enhance its existing product lines and explore new applications for its timing solutions. Expansion into emerging markets and strengthening its competitive edge against traditional timing component manufacturers are probable strategic objectives. The company's trajectory suggests a continued focus on innovation and market penetration within the high-performance electronics sector.
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