Powervation funding drive targets digital power IC growth
The funding will be used to scale the business in response to adoption of the company’s Intelligent Digital Power IC products in the cloud server, high performance computing, communications, and power supply markets.
The company’s integrated digital control and digital power management IC products are based on a proprietary digital control platform which delivers best in class regulation, full auto-tuning, dynamic performance and breakthrough flexibility. Powervation’s intelligent digital DC/DC controllers provide programmable power solutions to the perennial power design challenges of efficiency, size, cost and time to market.
“We have enjoyed very strong growth and major breakthroughs for our intelligent digital DC/DC power solutions at market leading customers in the Cloud and Communications infrastructure space. This financing is an endorsement for Powervation’s momentum and potential in the exploding digital power IC market”, said Mike McAuliffe, CEO of Powervation.
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.
All existing investors participated in the equity financing, including: Scottish Equity Partners (SEP), Braemar Energy Ventures, Intel Capital, VentureTech, 4th Level Ventures, and Semtech Corporation
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