Powervation Scores $10M
Palo Alto-based Powervation, which develops integrated circuits used for power conversion, announced Wednesday that it has raised $10M in additional funding. The funding came from SEP, Intel Capital, Venture Tech Alliance and Fourth Level Ventures. The company said the funding brings its total raised to $20M. Powervation's power conversion ICs provide both monitoring and better control for electronic circuits. Powervation said the new funding will go towards sales, marketing, operations, and R&D.
posted on Wednesday, July 29, 2009 (Link to more information)
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