Atmosic Technologies has raised $28.5 million to integrate the company's best M2 and M3 series Bluetooth 5 system-on-a-chip (SoC) solution into commercial products.
FREMONT, CA: "We built our M2 solutions from the ground up to revolutionize the IoT market with 'forever battery life.' We are excited to enable device makers to more quickly and easily develop smart devices from smart home products to wearables to consumer electronics with our cutting-edge low power and wake up technologies. Our collaboration with Tonly for the TBMO2 module is another step forward to dramatically reducing IoT devices’ dependence on batteries," says David Su, CEO of Atmosic Technologies, which has secured $28.5 million in Series B funding. This round of investment was led by Sutter Hill Ventures along with Walden International, Clear Ventures, Dolby Family Ventures, and Arden Road Investments.
With all the investors funding Atmosic Technologies, the company has raised a total amount of $49.5 million. This new round of financing will be used to implement Atmosic's M2 and M3 series Bluetooth 5 system-on-a-chip solutions into commercial products. The funding will also enable the company's continued laser focus on R&D to develop its next-generation solutions and scale the business.
Atmosic is centered on fueling the battery-free IoT revolution with its lowest-power Bluetooth and controlled energy gathering technologies by harnessing various power sources for energy harvesting. The company'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. Atmosic is committed to innovate and create new products that reduce the environmental impact of batteries and decrease the cost of battery maintenance, thereby benefitting the planet, consumers, and industrial users.
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Atmosic Technologies is a novel fabless semiconductor organization, designing ultra-low power wireless solutions to mitigate and disrupt device dependence on batteries, aiming to deliver battery life and the battery-free connected IoT.