BY Caitlin Stanway-Williams
APRIL 1, 2019
via THE INNOVATION ENTERPRISE CHANNELS
Analog Block Company Movellus Raises $6 Million
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.