Powervation Receives $7,000,000 New Financing Round

  • Feed Type
  • Date
    12/22/2014
  • Company Name
    Powervation
  • Mailing Address
    2665 North First Street San Jose, CA 95134 USA
  • Company Description
    Powervation provides a new class of Auto-control digital power IC solutions that optimize power-supply performance and efficiencies for manufacturers of electronic systems used in Computing, NetComms, storage and other applications.
  • Website
    http://www.powervation.com
  • Transaction Type
    Debt
  • Transaction Amount
    $7,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The funding will be used to scale the business in response to strong adoption of the Company’s Intelligent Digital Power IC products in the cloud server, high performance computing, communications, and power supply markets. The funding round will also enable the company to accelerate the development and deployment of its new digital controllers with industry leading xTune intelligent auto-tuning technology, and ITM intelligent, fast transient technology for multi-rail, multi-phase and integrated point of load (POL) applications.
  • M&A Terms
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor

Trending on Xconomy