Atmosic Technologies, an innovative fabless semiconductor company and developer of ultra-low-power wireless for IoT, has raised $28.5 Million to deploy their M2 and M3 Series Bluetooth 5 system-on-a-chip (SoC) solutions into commercial products in early 2020. The funding will also support the company’s continued laser focus on R&D to develop its next generation solutions, and efforts to scale the business as the supplier of the lowest-power consumption wireless technologies for the IoT.
Atmosic is focused on driving the battery-free IoT revolution with its lowest-power Bluetooth and controlled energy harvesting technologies, leveraging multiple power sources for energy harvesting, including RF, photovoltaic, thermal, and mechanical. Atmosic’s M2 and M3 solutions enable extended battery life and even battery-free operation for IoT devices used for a wide variety of applications including asset tracking, smart homes, wearables, building automation, and medical devices. The company is committed to innovate and create new products that reduce the environmental impact of batteries and decrease the cost of battery maintenance, thereby benefiting the planet, consumers, and industrial users.
With the surging growth of the connected devices market, Atmosic sees an incredible opportunity for its solutions to play a pivotal role in addressing the market demand for wearables, sensors and other applications that require extended battery life. The company will be showcasing its product portfolio at the upcoming CES 2020 event in Las Vegas, including the CES Unveiled event.
The investment, led by Sutter Hill Ventures – along with investments from Clear Ventures, Walden International, Dolby Family Ventures, and Arden Road Investments – brings the total amount of funding raised to $49.5 million since the company’s inception in 2016.
