The funding will be used to expand R&D efforts and build out the marketing and sales functions to support the company's growth plans. MESH and SK hynix joined existing investors Accelerate Blue Fund, Candou Ventures, Hui Capital, Intel Capital, In-Q-Tel, Michigan Capital Network, Stata Ventures, and other private investors in this round.

Movellus is a leader in Intelligent Clock Networks™. Customers integrate our products into an array of applications ranging from ultra-low power edge AI devices to performance centric cloud datacenter compute and AI offerings. Headquartered in San Jose with R&D centers in Michigan and Toronto, the team has introduced patented architectural innovations that significantly improve clock network performance, enabling the next generation of complex integrated circuits.