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
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
Powervation's digital power controllers have achieved wide adoption by
market eaders 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".
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.
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