Powervation Closes $5.5M Funding Round

Funding Round Fuels further Growth for Intelligent Digital Power™ IC Platform in Cloud and Communications Infrastructure

CORK, Ireland & SAN JOSE, Calif. — (BUSINESS WIRE) — February 10, 2014 — Powervation Ltd. ( www.powervation.com), the leader in Intelligent Digital Power™ IC solutions, today announced it has recently raised a $5.5M C1 funding round which will enable it to further accelerate growth, product development, and market adoption of its Digital Power platform at leading cloud and communications infrastructure OEMs.

All existing major investors participated in the round including: SEP, Intel Capital, VentureTech Alliance, Braemar Energy Ventures, and Semtech Corporation. The funding will enable Powervation to scale the company in response to market demand for its products and accelerate expansion of its product portfolio based on its innovative digital control architecture.

Powervation’s digital power controllers have achieved wide adoption by market leaders in cloud/datacenter server infrastructure, high performance computing, power module solutions, as well as communications infrastructure. This adoption is driven by the significant performance, flexibility, and time to market benefits of Powervation’s advanced digital power management, unique programmable architecture, and self-tuning Auto-Control® digital control loop, which is the industry’s leading proven adaptive compensation scheme.

“We are delighted by the adoption of our Intelligent Digital Power™ products by market leading customers and the rapid growth of our business which is endorsed by this strong backing of our investor group” said Mike McAuliffe, CEO of Powervation. He continued, “This investment will be used to further fuel our growth as digital power continues its rapid market ascendency and also accelerate our product pipeline of advanced digital power solutions”.

About Powervation

Powervation ( www.powervation.com), the Intelligent Digital Power™ Company, delivers breakthrough intelligent digital IC solutions for designers of Cloud Computing, Communications, and high-performance power systems. The company’s digital controllers deliver advanced digital power management and digital loop control which deliver significant benefits in performance, flexibility, efficiency and breakthrough design simplicity. This performance edge is enabled by Powervation’s unique programmable architecture and self-tuning Auto-Control® loop technology. Powervation is a private fabless semiconductor company backed by leading VC and strategic investors including SEP, Intel Capital, VentureTech Alliance, Braemar Energy Ventures, and Semtech Corporation and is headquartered in Cork, Ireland, with facilities in San Jose, California and Taipei, Taiwan.



Contact:

For Further Information:
Powervation Inc.
David New
Vice President of Product Marketing
Office: +1 408 837 0544
E-mail: Email Contact
or
For Press Enquiries:
Billings Group
Nick Foot
PR Director
Office: +44-1491-636 393
E-mail: Email Contact




Review Article Be the first to review this article
Featured Video
Jobs
Geospatial Solutions Specialist for University of North Dakota at Grand Forks, North Dakota
GIS Coordinator for City of Marysville at Marysville, Ohio
GIS Analyst II for Foresters Co Op at Grass Valley, California
Senior Project Architect for Gordon Prill, Inc at Sunnyvale, California
BIM/CAD Specialist for Gordon Prill, Inc at Sunnyvale, California
Mechanical Engineer in HVAC – Mid-Level for Gordon Prill, Inc at Sunnyvale, California
Upcoming Events
InterDrone 2021 --- Cancelled at Hyatt Regency Dallas TX - Aug 10 - 12, 2021
URISA GIS Leadership Academy at 701 Lee St #960 Des Plaines IL - Aug 16 - 20, 2021
8th International Scientific Conference on SOCIAL SCIENCES (ISCSS) 2021 at Congress Centre MARITIM PARADISE BLUE Albena Bulgaria - Aug 21 - 30, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise