other material
confidence high
sentiment positive
materiality 0.60
Ambarella withdraws all ~$17M in deposits from Silicon Valley Bank
AMBARELLA INC
- As of March 10, 2023, Ambarella had approximately $17 million in deposits with SVB.
- On March 13, 2023, the company withdrew all of its funds on deposit with SVB.
- Recovery of full deposits indicates no material loss from SVB's collapse.