The semiconductor maker has welcome the corporate backers to an investor base previously restricted to venture capital firms, and has now raised $33.4m.
US-based fabless semiconductor producer EnVerv has completed a $15.4m series C round featuring computing company Cisco and semiconductor foundry UMC.
Cisco and UMC Capital, the corporate venturing subsidiary of Taiwan-based UMC, invested alongside Cassiopeia Capital Partners and existing investors Benchmark Capital, NEA and Walden International.
“We are very glad to have raised this sizable round of investment,” said Michael Raam, EnVerv’s CEO. “This round further underscores our dedication to providing high-performance [system-on-chip] solutions to our customers. We intend to utilise…
