Vesper MEMS keeps on raising equity capital

Vesper MEMS keeps on raising equity capital

Business news |
By Peter Clarke

This comes after it raised $8 million in April 2021 to help it expand into new markets (see MEMS firm Vesper raises $8 million to pursue new markets) and brings the total raised by the company since its formation in 2009 to $73 million.

The funding round was led by Boston Massachusetts based Accomplice VC. Vesper also received investments from Applied Materials Ventures, Sands Capital, Bose, Amazon Alexa Fund, Gopher Asset Management, ITIC, World Peace Group, Unitrontech, and MegaChips.

“This additional financing is a strong show of support from new and existing investors to enable Vesper to rapidly scale production to capitalize on new sales opportunities,” said Matt Crowley, CEO of Vesper, in a statement. “This financing will allow us to serve new customers and applications, and help accelerate the transition to edge AI enabled always listening systems,” he added.

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