Chip makers polish $48m Smooth-Stone A round

Aug 17, 2010 • James Mawson

Strategic investors ARM, Advanced Technology Investment Company and Texas Instruments join venture capital firms in Smooth-Stone's series A round.

Smooth-Stone, a US-based developer of semiconductors for computer servers, has raised $48m in its series A round from a consortium of strategic and venture capital investors.

The syndicate included UK-listed chip licensing company ARM; Advanced Technology Investment Company (ATIC), an Abu Dhabi-state backed investment fund for the semiconductor industry; chip maker Texas Instruments; and VCs Battery Ventures, Flybridge Capital Partners and Highland Capital Partners.

Smooth-Stone will license ARM’s low-power mobile phone chip technology to build servers and data centres…

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