Chipmaker Adapteva grabs $1.5M in funding

(MASS HIGH TECH): Fabless chipmaker startup Adapteva Inc. has taken on its first round of institutional funding, a Series A commitment of $1.5 million that founder Andreas Olofsson says should be the only funding the company needs.Adapteva, based in Lexington, makes programmable, low-power microprocessors for specific niche applications, such as airborne radar or portable ultrasound — basically anywhere a programmable processor that can run on batteries is needed. Read More