Boston VCs Back Smooth-Stone
Three Boston-area venture capital firms have led a new $48 million financing round for Smooth-Stone, a chip startup based in Austin, TX. Battery Ventures, Flybridge Capital Partners, and Highland Capital Partners were joined in the investment deal by ARM, Advanced Technology Investment Company (ATIC), and Texas Instruments. The financing news was announced in a press release this morning. As part of the deal, Battery’s Ken Lawler, Flybridge’s David Aronoff, and Highland’s Sean Dalton have joined Smooth-Stone’s board of directors. Smooth-Stone was founded in early 2008, and is focused on developing and adapting low-power semiconductor chips from the mobile-phone industry for use in servers and data centers.