Stathera, a Montreal-based company that makes silicon timing components for chips, has raised a $55 million Series B round, according to BetaKit's Madison McLauchlan.
The funding was led by Maverick Silicon and brings the company's total funding to $75 million. As reported via Techmeme, the round amounts to $55 million USD, or roughly $78 million CAD.
Stathera plans to use the money to boost production of what BetaKit describes as its semiconductor clock technology. The company's specialty is MEMS-based timing components — MEMS stands for micro-electromechanical systems, tiny mechanical structures etched into silicon.
Timing components act as the heartbeat of electronic devices. Nearly every chip needs a reference signal to keep its operations in sync, a job traditionally handled by quartz crystal oscillators. Companies like Stathera are working to replace those quartz parts with silicon-based alternatives that can be manufactured using standard chipmaking processes.
Beyond the headline numbers — the size of the round, the lead investor, and the goal of scaling up manufacturing — the source material does not detail Stathera's customers, production timelines, or specific performance claims.
Why it matters: timing chips are a small but essential piece inside almost every electronic product, and investment in silicon-based alternatives signals growing confidence that this long-established corner of the semiconductor market is due for a shake-up.