SiTime designs silicon MEMS-based oscillators and clock generators that serve as drop-in replacements for legacy quartz crystal products. The company has shipped over 200 million devices to date and claims leadership in MEMS timing technology, a broad product portfolio, and a large customer base. In 2013 it introduced the SiT15xx family of 32 kHz MEMS oscillators targeting mobile and wearable devices, medical monitoring, and other low-power applications. SiTime's MEMS devices are described as 85% smaller, using 50% less power and offering roughly 15x the reliability of quartz resonators. The company is positioned as a preferred timing supplier for wearables and Internet of Things (IoT) applications and is focused on continuing product innovation and market growth. Management portrays the company's vision as realized through rapid innovation and market leadership. SiTime develops silicon MEMS and analog timing solutions intended to replace traditional timing products. The company positions its MEMS timing technology as a disruptive force in the $5 billion timing market. SiTime reported it has shipped 175 million units to 1,000 customers worldwide, including 35 Fortune 500 companies. It recently introduced oscillators for smartphones and expects that product to accelerate adoption of MEMS timing solutions. Financially, SiTime completed an oversubscribed financing round led by Innovative Venture Fund (co‑operated by NEC Capital Solutions and SMBC Venture Capital) and also secured a debt financing commitment from Hercules Technology Growth Capital. Company leadership and investors highlighted the market opportunity and momentum behind SiTime’s technology.

Total raised

$25M

Funding rounds

4

Latest round

Equity

Latest activity

Sep 2014