Link Silicon Valley
The fastest way to connect to the people, companies and capital of Silicon Valley
Free 30 Day Trial Account
Sign Up | Log In
Search
ACQUIRED COMPANY
 
My Lists

Summit Microelectronics  Acquired by Qualcomm (2012  amount undisclosed )

757 N. Mary Avenue
Sunnyvale, CA 94085
USA
(408)-523-1000
Website Company Summary Management Team
Board

Outside board: (May no longer be on the board) James V. Diller (PMC Former President/CEO) Barry L. Cox (BrightScale Executive Chairman) Derrick Lee (Bessemer Venture Partners VP) Matthew D. Howard (Norwest Venture Partners) Tom Klein (Sierra Semiconductor Founder)
Company

Business description: Summit serves a growing number of markets including enterprise and communications infrastructure equipment, consumer electronics, automotive, industrial control, and military/government applications. Summit's programmable power management solutions increase the reliability of switches and routers for enterprise equipment, improve the cost and performance of cellular base stations, ensure reliability in DSL equipment, increase battery operating life in cell phones and improve reliability in products ranging from automotive systems and military radios to marine navigation electronics. Summit's solutions integrate high level analog circuits with logic and embedded nonvolatile EE memory cells which are all programmable via a simple GUI software interface. This enables Summit to provide platform based solutions rather than point products, enabling both Summit and our customers to enjoy leveraging an individual device across many customer designs, all with unique operating configuration requirements.
Capital

Rounds: 8
Recent Fundings: Jun 2011   Feb 2007
Capital raised: 64.5M
Last Round: 3.3M
Ownership: Acquired by Qualcomm (2012  amount undisclosed )
Angels/other VCs: Barry L. Cox (QED);  Tom Klein (Sierra Semiconductor);  Richard Simko (ISD Fdr)
Corporate investors: Nokia Growth Partners

Last Tweets


 

Last Mentions


Overview
Record updated: Aug 2011
Sector: Semiconductor
Year Founded: 1997
Headcount: 26-50 as of Feb 2007
Rounds: 8
Recent Fundings: Jun 2011   Feb 2007
Capital Raised: 64.5M
Last Round: 3.3M
Ownership: Acquired by Qualcomm (2012  amount undisclosed )