this is the largest funding round ever by an Irish founded startup company. The company was foudned in Ireland but now has its HQ in Silicon Valley, where most of the new funding originated also. It focus in the Valley and China was the big draw to bring in Summit Bridge
Movidius raises $40m The fabless semiconductor firm will use the funding to drive innovation in its hardware and software as it seeks to take advantage of a growing need for visual sensing products in areas such as wearables, virtual reality headsets, drones and home automation The new funding is being led by Summit Bridge, a technology fund that is co-managed by Atlantic Bridge Capital and WestSummit Capital. Also coming on board is Arch Venture Partners and Sunny Optical Technology Group. The round also had contributions from existing investors Atlantic Bridge Bridge Capital, DFJ Esprit, Robert Bosch Venture Capital, Capital E, and AIB Seed Capital Fund.