Movellus announced it has raised $6 million in Series A funding led by Stata Venture Partners — which is a venture capital firm run by Analog Devices chairman and founder Ray Stata. Including this round, Movellus has raised a total of $10 million.
Intel Capital and University of Michigan’s MINTS (Michigan Invests in New Technology Startups) also participated in this round. This round of funding will be used for further expanding infrastructure to meet rapidly growing customer demand, expand its product portfolio, and increase market penetration.
“Ray Stata has been a true legend in the semiconductor industry for decades and this endorsement represents a significant validation of our technology,” said Movellus president and CEO Mo Faisal. “It is an honor to work with Stata Venture Partners to accelerate our growth and transform how traditional analog design is implemented in SoCs.”
Movellus is transforming system-on-chip design by automating the generation of traditional analog IP using digital tools and standard cells. And the company’s initial products include PLLs, DLLs, and LDOs that are optimized per design for markets ranging from edge AI to cloud computing.
“Movellus’ innovative approach of leveraging digital design infrastructure and their proprietary architectures to implement analog blocks is poised to have a major impact on the semiconductor industry,” added Stata. “I am excited to partner with the Movellus team because their technology represents the natural evolution of chip design as it applies to analog circuits.”
The company is on a mission to dramatically reduce system-on-chip time to market and improve the power, performance, and area. To make this happen, Movellus utilizes proprietary technology that leverages digital infrastructure to automatically implement new analog blocks.
Movellus has proven scalable with customers both for high-performance cloud computing market and the ultra-low power edge AI market. For the ultra-low edge AI market, Movellus possesses the unique ability to create nano-watt PLLs that are optimized for battery-less applications.