Powervation invests USD5.5m in digital power platform
All existing major investors participated in the round including: SEP, Intel Capital, VentureTech Alliance, Braemar Energy Ventures, and Semtech Corporation. The new funding will enable Powervation to scale the company in response to market demand for its products and accelerate expansion of its product portfolio based on its innovative digital control architecture.
Powervation’s digital power controllers have achieved wide adoption by market leaders in cloud/datacenter server infrastructure, high performance computing, power module solutions, as well as communications infrastructure. The adoption is driven by the performance, flexibility, and time to market benefits of Powervation’s advanced digital power management, programmable architecture, and self-tuning Auto-Control digital control loop, which claims to be the industry’s leading proven adaptive compensation scheme.
Mike McAuliffe, CEO of Powervation, said: “This investment will be used to further fuel our growth as digital power continues its rapid market ascendency and also accelerate our product pipeline of advanced digital power solutions”.
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