|[March 24, 2014]
EnVerv Announces Closing of $15.4M Series C Investment Round
SAN JOSE, Calif. --(Business Wire)--
EnVerv Inc., an innovative fabless semiconductor company and a leading
provider of high performance communications and metering System on Chip
(SoC) solutions for the Advanced Metering Infrastructure (AMI), smart
grid, solar and other grid connectivity markets, announced today the
closing of its $15.4M round of series C financing with participation
from Cassiopeia Capital Partners, Cisco (News - Alert), UMC Capital and existing
investors Benchmark Capital, NEA and Walden International.
"We are very glad to have raised this sizable round of investment," said
Michael Raam, CEO and President of EnVerv. "This round further
underscores our dedication to providing high-performance SoC solutions
to our customers. We intend to utilize this capital to support the
production raps, expand our customer base, and also continue the
development of new product families in wired and wireless communications
as well as metering market segments."
"Our investment in EnVerv signifies our belief in not only their
business model and product offerings but also their execution in
combining complex communication algorithms with high levels of
integration in offering the lowest power and most cost-effective single
chip solutions to their customers," said Frank Lee of UMC Capital.
About EnVerv Inc.
EnVerv is a fabless semiconductor company in the United States with
headquarters in Milpitas, California. The company's SoC solutions enable
robust and high-speed communications over Low Voltage (LV) and Medium
Voltage (MV) power lines that are applicable to various grid
connectivity markets such as AMI, solar micro-inverters, transformer
monitoring, substation communications, lighting networks, etc. EnVerv's
family of communications SoC solutions comprises single-chip soft-modems
and covers ITU-T G.9903 (G3-PLC), ITU-T (G.9904) PRIME, IEEE 1901.2 and
IEC-61334 (S-FSK) standards across CENELEC, FCC (News - Alert) and ARIB frequency
bands. For more information please visit www.enverv.com.
[ InfoTech Spotlight's Homepage ]