What Company Is Offering:
InvenSense is the leading provider of motion sensing solutions for mobile applications, with proven technology and millions of units shipped to major OEMs worldwide. The company’s MEMS motion sensing technology addresses emerging mass-market applications such as image stabilization, mobile navigation, location-based services and smart user interfaces that use hand motion and gesture-based commands.
How Much They Got From VCs:
InvenSense, Inc. the leading provider of motion sensing solutions for mobile consumer applications, today announced it has secured $19 million dollars in Series C venture capital financing. The round was led by new investor Sierra Ventures, with participation from previous investors Artiman Ventures, Partech International and Qualcomm Ventures. Several strategic investors also participated in the Series C investment round including Foxconn, Inventec Appliances Corp, both from Taiwan; Skylake Ventures from Korea; DoCoMo Capital, a wholly-owned U.S. subsidiary of NTT DoCoMo Japan, and VentureTech Alliance (whose majority LP is TSMC). Ben Yu, managing director at Sierra Ventures, will join InvenSense’s board of directors. The round will bring InvenSense’s total funding to date to $38 million.
About VCs:
Sierra Ventures, is a privately held venture capital firm focused on investments across all areas of the Information Technology sector from semiconductors to enterprise software. Sierra Ventures has managed eight venture capital partnerships and currently has more than $1.5 billion of capital under management. More information is available at www.sierraventures.com.
More at:www.InvenSense.com.
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