mCube raises $37 million for motion sensor push
Existing investors; including Kleiner Perkins Caufield & Byers and MediaTek participated in the round and mCube attracted SK Telecom (China) Ventures and Korea Investment Partners as new investors.
MCube was founded in 2009 and developed a method of integrating MEMS motion sensors above electronics circuitry and hermetically sealing it from above using standard CMOS wafer processing. This can in theory provide a much more compact inertial sensor.
The company has been somewhat quite but reveals that it has shipped more than 60 million units and that its sensors have been adopted in a range of smartphone, gaming and tablet reference designs and are featured on the approved vendor lists of leading handset chipset partners, such as MediaTek.
Mcube said it plans to use the latest round of funding to accelerate its growth and expand its line of motion sensors.
"mCube is well positioned with the world’s smallest MEMS motion sensors to enable this high-growth new market we refer to as the Internet of Moving Things,” said Ben Lee, CEO of mCube, in a statement.
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