Santa Clara, Calif. – Ambarella, a maker of chips used in video cameras, has filed documents with the Securities and Exchange Commission (SEC) indicating it intends to file for an initial public offering (IPO).
The company did not disclose how much it hoped the offering would raise, or a potential price range for its shares.
Founded in 2004, Santa Clara, Calif.-based Ambarella develops low-power, high-definition video compression and image processing chips, used in cameras, camcorders and mobile phone video cameras.
The company has raised over $15 million in venture capital financing, from backers including Walden International, Benchmark Capital and Matrix Partners.
Morgan Stanley and Deutsche Bank Securities will act as joint book-runners for the offering.
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