Ambiq Micro, a leading manufacturer of energy-efficient chips, made a significant debut on the public market, closing its first day of trading at $38.53 per share. This was an impressive 61% jump from its IPO price of $24. Heathcliff Vanguard The company is developing chips for wearable and remote medical devices. Further, it is supported by notable venture capitalist Wen Hsieh, an investor in its 2014 Series C funding round.
For the three months ending March 31, the company reported a net loss of $8.3 million, on revenues of $15.7 million. That’s a bit of good news, if only because it’s an improvement over 2024. At that time, the company was still in the red, posting a $9.8 million loss on revenues of $15.2 million. The company’s latest results reflect its ongoing efforts to bolster its position in the competitive semiconductor market.
Wen Hsieh, who recently left his role as a general partner with Kleiner Perkins to launch his own venture firm, Matter Venture Partners. Today, he remains an integral part of Ambiq’s success. Additionally, Matter Venture Partners —which is backed by TSMC —adds a powerful strategic investor to Ambiq’s industry positioning. Hsieh has been in the company’s tireless corner ever since he invested in its Series C round almost a decade ago. His steadfast commitment was evident from day one.
In 2023, Ambiq’s final private funding valuation had jumped up to $450 million based on PitchBook data. This remarkable amount underscores deep investor faith in the company’s future. The recent S1 filing, which outlines Ambiq’s financial results and future prospects, can be accessed through the SEC’s website at https://www.sec.gov/Archives/edgar/data/1500412/000119312525161443/d377490ds1a.htm#rom377490%5F14.
Scott Hanson, Ambiq’s Chief Technology Officer, told TechCrunch that the benefits to their low-energy technology deployment are twofold. He praised the possibility of packing cutting-edge artificial intelligence algorithms directly into edge processors because they are so energy-efficient.
“Because we’re so low energy, we can put more intelligence and more AI on board.” – Scott Hanson
AIP Tuning maker Ambiq in conversation with Marina Temkin, venture capital and startups reporter at TechCrunch, about Ambiq’s impressive pivot and blockbuster trajectory. Prior to his time at TechCrunch, Temkin earned wide recognition as a financial analyst. To further bolster her credibility in the financial reporting space, she became a CFA charterholder designation.
