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Santa Barbara-based MEMs technology developer Innovative Micro Technology (IMT) said early this morning that it has received a majority equity financing from Cerium Technology. Size and terms of the majority equity investment were not announced. Cerium Technology is an investment firm focused on the Internet-of-Things (IoT) market. IMT said it will use the funding to accerate growth in the IoT sensing and communications markets. The company's MEMS technology uses precision scale manufacturing of structure-on-a-chip, which are used for things like force and motion sensors, relays and RF switches, and more. IMT is currently led by CEO Craig Ensley.