ATDC company Qualtre, which is working on advanced motion sensors, closed a $5 million Series A round from Matrix Partners. Employing a fabless semiconductor business model, Qualtre is an early stage company that intends to launch its first product early next year. It will be the first-ever three-axis single-package gyroscope for consumer electronics markets. Sounds complicated. And it is. Qualtre came to ATDC via VentureLab.
TechJournal South has a nice writeup on the funding.
Congrats to Mike Slawson, Farrokh Ayazi, and the rest of the Qualtre team!