SpectraLinear Closes $10M Series C Financing

New Financing Targeted at Further Accelerating its Programmable Timing Technology and New Product Rollout

SANTA CLARA, Calif.--(BUSINESS WIRE)--SpectraLinear Inc., a leading provider of timing solutions for the consumer, computer and communication markets, today announced that it has raised $10M in Series C financing.

“We can now further accelerate our market progress with the backing of Horizon Ventures. This round of investment is a strong testament to our strong programmable clock IP, patent portfolio and a broad base of innovative integrated timing product offerings.”

The new financing will be used for working capital and to develop new programmable products that further capitalize on SpectraLinear’s industry-leading line of timing technology products. The round included strong support from founding investors InterWest Partners, Norwest Venture Partners, and Velocity Interactive Group, and more recent investor ComVentures. New investor, Horizon Ventures, led the Series C funding.

“SpectraLinear offers a wide range of programmable platforms that solve complex and difficult system-level timing problems which is a crucial differentiator to the market,” said Jack Carsten, Managing Director, Horizon Ventures. “Its timing solutions offer unsurpassed programmability, flexibility and best of class performance and features.”

“Over the past year or so, we’ve received significant customer acceptance with our EPROClock^TM programmable clock technology,” said Dr. Ilhan Refioglu, SpectraLinear’s president and CEO. “We can now further accelerate our market progress with the backing of Horizon Ventures. This round of investment is a strong testament to our strong programmable clock IP, patent portfolio and a broad base of innovative integrated timing product offerings.”

About SpectraLinear

SpectraLinear is a pure play integrated timing solutions company that focuses on the consumer, computer and communication markets using innovative, high performance, fast time-to-market silicon platforms. In October, 2006 SpectraLinear acquired Cypress’ PC clock division, immediately establishing itself as one of the largest pure-play integrated timing device companies. SpectraLinear is based in Santa Clara, CA and has offices in Bangalore, Istanbul, Japan and Taipei. For more information go to www.spectralinear.com.