Powervation Receives $7,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=35c458e7-e19c-4cb2-8edf-a86a41a451b9
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