Powervation Gains $5.5M For DC-DC Power ICs

San Jose- and Cork, Ireland-based Powervation, a developer of DC-DC power supply control ICs, has raised $5.5M in a Series C1 round. The funding came from SEP, Intel Capital, VentureTech Alliance, Braemar Energy Ventures, and Semtech Corporation. Powervation said the funding will go towards growth, product development, and market efforts for its products. Powervation is led by Mike McAuliffe. More information »