Amantys secures USD 7 million Series A funding for its digital power platform
Amantys, formed in 2010 by former ARM executives and an academic from Cambridge University, is developing a family of digital power platforms which will bring very high efficiency, reliable power switching and intelligence to power applications across the energy generation, transmission and consumption sectors.
“We are delighted to welcome Moonray Investors and ARM as shareholders in Amantys. Fidelity not only brings financial resources but also commercial connections in the sector” said Pete Magowan, Amantys’ Chairman.
“ARM is recognised as a world leading technology company with a shared passion for power-efficient electronics. With our advanced digital platform we believe we can address power losses all the way from wind and solar photovoltaic modules, transmission grids and transformers through to electric motors and electric vehicles. Our motivation is simple – Why Waste Watts?" he added.
Visit Amantys at www.amantys.com
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