Atmosic raises $28.5m Series B

Author: EIS Release Date: Feb 24, 2020

Atmosic Technologies, the low-power wireless IoT specialist, has raised a $28.5 million Series B.

 

This investment, led by Sutter Hill Ventures – along with investments from Clear Ventures, Walden International, Dolby Family Ventures, and Arden Road Investments – brings the total amount of funding raised to $49.5 million since the company’s founding in 2016.

 

This new round of funding will be used to deploy Atmosic’s M2 and M3 series Bluetooth 5 SoC solutions into commercial products in early 2020.

 

The funding will also support the company’s continued laser focus on R&D to develop its next generation solutions, and Atmosic’s efforts to scale the business as the supplier of the lowest-power consumption wireless technologies for the IoT.

 

 

Atmosic is driven by a “vision to eliminate the use of batteries,” says CEO David Su.

 

Atmosic’s M2 and M3 solutions enable extended battery life and even battery-free operation for IoT devices used for a variety of applications including asset tracking, smart homes, wearables, building automation, and medical devices.

 

The company is committed to innovate and create new products that reduce the environmental impact of batteries.