mCube Closes $37M Series C Financing Round

mCube’s Proven Track Record

Since its inception in 2009, mCube has expanded its product line to include accelerometers, magnetic sensors and the iGyro™, the industry’s first 9 Degrees of Freedom (DoF), software-based gyroscope optimized for Android smartphones and tablets. Additional mCube achievements include:

  • Delivered the industry’s only monolithic single-chip MEMS+ASIC product, confirmed by Yole Développement in March 2014 as the world’s smallest accelerometer;
  • Developed a complete portfolio of motion sensor hardware and software solutions for up to 9DoF;
  • Shipped more than 60 million accelerometers into the China smartphone and tablet markets;
  • Filed 103 patents with 26 issued;
  • Awarded the EE Times “Startup of the Year” prize in 2012;
  • Named by Gartner as a 2013 ‘Cool Vendor’2. Gartner 2013 Cool Vendor Report, Ganesh Ramamoorthy, May 2, 2013.

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“We expect to see sensors everywhere and on nearly everything in the not-too-distant future,” said Stella Jin, founding partner, Keytone Partners. “mCube is well positioned to lead this new era with the industry’s only monolithic, single-chip design approach that is simple to manufacture and easy to design into a wide range of products.”

“mCube has proven its monolithic, single-chip MEMS technology by shipping more than 60 million units since its initial launch,” said Jerry Xu, director, Korea Investment Partners. “mCube is in a strong position to further accelerate its momentum, with backing by leading investors, an experienced management team, and patented sensor technology and software expertise. We are excited to watch the company continue to grow in pursuit of their vision to put a motion sensor on every moving object.”

“mCube has achieved a technology leadership position in the market by delivering the world’s smallest motion sensor,” said Jean-Christophe Eloy, president & CEO at Yole Développement. “With mCube’s innovative approach, the company has a unique opportunity to transform the industry, making MEMS sensors ubiquitous on anything that moves.”

“It’s rare for a new MEMS supplier to ramp to high volume quickly as MEMS are typically very complex and hard to manufacture,” said Tony Massimini, chief of technology for Semico Research Corporation. “It’s especially impressive for mCube to ship 60 million units within 2.5 years of product launch. With a proven design that is ground-breaking in terms of its small size, manufacturability and high level of integration, mCube will be an important company to watch in MEMS.”

"A major hurdle for wearable technology and the IoT is the reduction in size of critical semiconductor components, including sensors, to enable smaller systems, reduce power consumption, and costs," said Michael Palma, research manager, consumer device semiconductors & electronics manufacturing services, IDC Corporation. "By shrinking the size of a sensor, it’s easy to envision a world where these tiny devices are seamlessly incorporated onto everyday things, providing valuable motion and context-relevant data that enhance consumers' lives.”

About mCube

mCube makes the smallest motion sensors in the world. As a technology leader, mCube aspires to be the enabler for the Internet of Moving Things by putting a MEMS motion sensor on anything that moves, improving the way consumers live and interact with technology. mCube is backed by leading investors and has already shipped over 60M units. For more information, visit www.mcubemems.com. Follow mCube on Twitter @mcubemems

Copyright 2014. All rights reserved. mCube, Inc., the mCube logo, and certain other mCube trademarks and logos are trademarks and/or registered trademarks of mCube, Inc.

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