Clock chip startup gains funding

SAN JOSE, Calif. -- Multigig Inc., a provider of clock and timing chip solutions, has closed its Series B round of funding for $12.5 million.

CMEA Ventures, Sierra Ventures and Hi-Tech Venture Capital participated in the round. Faysal Sohail, of CMEA Ventures, Ben Yu of Sierra Ventures and Aurangzeb Khan join Multigig's board.

They join Joseph Miller of Europlay Capital Advisors, Jai Hakhu of R.C. International, and Golden Gate Capital and Haris Basit, CEO of Multigig (Scotts Valley, Calif.), to form the six-member board.

The company has developed a product called RotaryWave. The company's ''clocks provide ultra low jitter and hundreds of precise phases in a small area and at low power,'' according to Multigig. ''These characteristics are being exploited in the design of highly advanced VCOs, frequency dividers, PLLs, jitter attenuators and frequency synthesizers.''