Integrated Voltage Regulator (IVR) designer Empower Semiconductor has raised $45m for its next generation power chip.
The round was led by Mesh Ventures and included existing investors Samsung Catalyst Fund, Hallador and Regal I. The financing will help accelerate expansion of its sales force and fund development of its next generation integrated voltage regulator semiconductor technology.
Empower recently released its first generation IVR into mass production after nearly six years in development. The chip enables significant energy savings in data centres. The patented IVR technology integrates dozens of components into a single IC increasing efficiency, shrinking footprints by 10x without using discrete components.
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“Meeting the performance demands of data-intensive systems while keeping energy use to a minimum demands radical new power management solutions. Empower was founded to deliver those solutions and this latest funding will help us meet growing demand for our technologies by accelerating our product roadmap and production plans with key partners and customers. We have set a path to make a major impact in a $10 billion segment of the high-performance power management market and we will leverage this investment to execute it,” said Tim Phillips, CEO of Empower.
“We are excited to partner with Empower, a company that will transform how data centres, communication networks and mobile devices are powered. The environmental footprint of the digital economy is growing dramatically, and innovative deep tech companies like Empower are the key to growing sustainably. Empower’s technology will enable higher and higher data rates and processing speeds while offering unprecedented levels of system efficiency and density,” said Edward Chyau, Managing Partner at Mesh Ventures.