Article: United States: Chipmaker Adapteva grabs $1.5M in first funding.

Byline: kusumv03

Fabless chipmaker startup Adapteva Inc. has taken on its first round of institutional funding, a Series A commitment of $1.5 million that founder Andreas Olofsson says should be the only funding the company needs.

Adapteva, based in Lexington, makes programmable, low-power microprocessors for specific niche applications, such as airborne radar or portable ultrasound basically anywhere a programmable processor that can run on batteries is needed. We offer orders of magnitude better power efficiency compared to anything else out there, Olofsson said.

His background lends credence to his claim. Olofsson spent ten years at Analog ...

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