Grenoble, France – June 2009 – Tiempo, IP company with breakthrough ultra-low power asynchronous design technology, raises 5 million Euros ($7 million) in Series B funding.
Tiempo, located in Montbonnot, France, today announced it has closed a 5 million Euros Series B financing round with two new investors, Viveris Management and Oddo Private Equity. Previous Series A investors, i.e. EmerTec Gestion, Schneider Electric Ventures, INPG Entreprise SA and Alma Capital Finances, also participated to this round.
Tiempo develops and markets core IPs, such as microcontroller and crypto-processor cores, which are designed in an innovative asynchronous and delay-insensitive technology. These cores have outstanding ultra-low power characteristics (energy, current peaks and noise), can operate at ultra-low and variable voltage levels, are very robust against PVT variations and highly secured against hardware attacks. Targeted applications are ultra-low power chips for embedded electronics and/or secured devices.