Stathera, a start-up based in Montreal, announced US$15 million in a Series A funding round for its MEMS timing solutions.
Stathera also announced a commercial collaboration agreement with South Korean conglomerate, Doosan. The company is also pursuing partnerships with semiconductor industry leader MediaTek, as well as quartz timing leader TXC.
The round was co-led by BDC Capital’s Deep Tech Venture Fund and Celesta Capital, with additional participation from strategic investors including MediaTek, Seiko Epson, and TXC.
“Technology scaling using conventional timing architectures has hit a wall when it comes to synchronizing next-generation electronics. Stathera’s technology introduces a new approach to integrating and manufacturing timing devices,” said George Xereas, Stathera’s CEO and Co-founder. “We are excited to be the only company with state-of-the-art DualModeTM frequency technology, which has the potential to re-architect the entire $9.4 Billion electronics timing industry. We are grateful to our investors for recognizing and investing in this potential, which will allow us to expand our world class team and drive commercialization.”
