LONDON Fabless chip company Audium Semiconductor Ltd. (Bristol, England) has raised $8.5 million in a first round of funding. The company claims to have proprietary audio power amplifier technology that requires one-twentieth of the power of competitive Class D amplifiers at "normal listening volumes."
The company's management includes a number of executives drawn from PicoChip Designs Ltd. (Bath, England), Pioneer Digital Design, Oak Technology and other companies that are, or have been, based in the southwest of England. Young K Sohn, formerly president of Agilent Technologies' semiconductor group and James Lewis, founder and former sales and marketing manager of Oxford Semiconductor are non-executive directors of the company.
The money was provided by Advent Venture Partners and Balderton Capital.
"We look forward to applying the funding to accelerate the delivery of our products to market," said Clyde Witchard, CEO of Audium, in a statement.
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