Yes, that's why EETimes gave it the 2012 Startup of the Year award. They have already sold 60 million units, but kept a low profile by selling only to China and Taiwan. With this latest infusion of capital mCube will try to start landing design wins in the U.S., Europe and whereever smartphones are sold.
What a Design it is! MEMS and ASIC all together in single chip. Reducing the Size and Increasing performance. At the same time it is more precise with 14bit accuracy. Not even that this confirms lower price as compared to presently available bare sensors. Really remarkable indeed.