$8.6m for Danish power conversion startup
Lotus Microsystems in Denmark has raised 60 million Danish krone ($8.6m) for its miniature power modules.
The funding comes from Noon Ventures and the European Innovation Council, and will allow Lotus Microsystems to advance R&D and enter into collaborations, the company said.
Lotus is a fabless manufacturer of highly-integrated power converters that are based on a patented silicon interposer technology, and allowing delivery in IC packaging. The company was founded in 2020 by Yasser Nour, Hoa Le Thanh, and Ahmed Ammar, as a fabless manufacturer specializing in highly integrated power converters.
The company has appointed experienced chip executive Hans Hasselby-Andersen as CEO. He was the founder of Merus Audio, which he sold to Infineon in 2018 for an undisclosed amount of money. He previously served as R&D manager at Toccata Technology, a pioneer in class-D audio amplifiers, which was later acquired by Texas Intruments. Hasselby-Anderson held various positions at Texas Instruments within the Digital Audio business unit.
- Infineon purchases Merus Audio
- EU invests €627 million in 99 startups
- Infineon offers Merus-style switching class-D audio ICs
“Lotus Microsystems has a unique technology that pushes the frontiers for power density and thermal performance. Such technology is demanded by a wide range of applications, from high-performance computing to mobile devices, in other words, from AI to AI on the edge. I am very pleased to join this talented team on their journey to bring this breakthrough tech to the market,” said Hasselby-Andersen, in a statement.
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