SUNNYVALE, Calif. – September 23, 2014 – SiTime Corporation, a MEMS analog semiconductor company, today announced that it has closed $25 million in new financing, which consisted of a combination of structured debt facility of $15 million provided by Capital IP Investment Partners LLC (“CapIP”) and strategic equity investment from other investors. “SiTime has had a strong and enduring vision – to revolutionize the timing market with MEMS and analog technologies. Today, that vision is a reality, achieved through single-minded focus and rapid innovation. We have the best MEMS technology, the broadest product portfolio, the largest customer base, the highest shipped volumes, and are the preferred timing supplier for exciting new applications such as wearables and Internet of Things (IoT),” said Rajesh Vashist, CEO of SiTime “This financing, along with our leadership position, forms an unbeatable combination for future growth and innovation.