Akros Silicon Inc., a Sunnyvale and Folsom, CA-based supplier of intelligent energy management ICs, has secured additional financing bringing the total raised in 2012 to $11m.
Backers include existing investors Technology Partners, USVP, Levensohn Venture Partners and SPM Capital.
The company intends to use the financing for further expansion of sales and marketing channels and adoption of new products in new market segments.
Additionally, Marc van den Berg from Technology Partners has joined Akros’ Board of Directors.
Led by Parviz Ghaffaripour, President and CEO, Akros Silicon leverages its GreenEdge(TM) digital isolation technology that enables integration by eliminating the traditional isolation barrier to create a Power System-on-a-Chip (Power SoC) solution. The company’s solutions are used in a wide-range of equipments including direct-line or Ethernet-powered (PoE) appliances like VoIP phones, wireless LAN access points, WiMax CPEs, residential gateways, IP and analog surveillance cameras, thin client computers, industrial, automotive and medical equipment.
FinSMEs
13/11/2012