Akros Silicon Secures $10.1 Million in Series B Financing Led By Levensohn Venture Partners
Posted on: Friday, 2 March 2007, 10:28 CST
Akros Silicon, a fabless semiconductor company bringing power to the Ethernet world by enabling large-scale deployment of network-attached appliances, today announced that it has secured $10.1 million in Series B financing led by Levensohn Venture Partners. The investment includes existing Series A investors, Bay Partners, SPM Capital and US Venture Partners.
Akros Silicon also announced that Pascal Levensohn, managing director of Levensohn Venture Partners, has joined its board of directors.
The new financing will be used for accelerating the development of new and innovative system level ICs that manage power at the edge of the network. The investment also enables Akros Silicon to expand its worldwide marketing and sales presence.
"Akros Silicon has successfully developed a fundamentally disruptive family of products that will revolutionize power and Ethernet management at the edge of the network," said Levensohn. "Through higher levels of integration, efficiency and functionality, we believe Akros Silicon will help further drive the proliferation of connected devices in the enterprise, digital home and industrial settings. These are large growth markets and an area that LVP has been focused on for several years. We look forward to working closely with the Akros Silicon team to help execute on management's aggressive growth plan."
In less than 18 months, Akros Silicon has developed the industry's first mixed signal system-level IC solution that provides a unique seamless integration of Power over Ethernet (PoE) control, power management and interface to the Ethernet world. The company is sampling highly integrated and differentiated ICs used for bringing power to network attached appliances such as VoIP phones, wireless LAN access points, RFID tag readers, point-of-sale terminals, security cameras, remote access and home networked systems which will accelerate the convergence of data, audio and video transmission.
"We are pleased to welcome Pascal Levensohn to Akros' board of directors," said J. Francois Crepin, president, CEO and chairman of Akros Silicon. "Along with his tremendous business experience in semiconductor and communication companies, Mr. Levensohn and his team will be strong assets in assisting Akros develop strategic approaches, partnerships and establish a global presence."
Akros Silicon was recently awarded the Fabless Start-Up to Watch Award from FSA. The award was giving following an exhaustive nomination process by the FSA Venture Capital Advisory Board. Akros Silicon was identified as the most promising fabless semiconductor company that demonstrated the potential to positively change its market or the semiconductor industry through the innovative use of or new application for semiconductor technology.
About Levensohn Venture Partners
Levensohn Venture Partners (LVP) is an early stage venture firm investing in semiconductor and software companies that are transitioning from seed development to early commercialization of their product or services. Founded in 1996, LVP's portfolio companies include Atheros, BigFix, Broadlogic, KnowNow, Rapt, Reconnex, Ubicom, and Veraz Networks. For more information, please visit http://www.levp.com.
About Akros Silicon
Headquartered in Folsom, California, Akros Silicon (Akros is a Greek word for "edge") is a leading provider of highly differentiated system-level integrated circuits that provide advance power management to the edge of the network. Akros Silicon's disruptive silicon technology enables large scale deployment of network-attached appliances, such as VoIP phones, wireless LAN access points, RFID tag readers, point-of-sale terminals, networked cameras, remote access and home-networked systems--accelerating the convergence of data, audio, and video applications. For more information, visit http://www.akrossilicon.com.
Source: Business Wire
Related Articles
- Creanord Introduces Traffic-Meter(TM) Enabled Ethernet Access Devices With Unique per Second Network Flow Visibility
- Network Strategy Partners Study Analyzes the TCO of Ethernet Transport vs. VPLS and MPLS in the Metro Network
- Nortel Offers New Ethernet Access Solution to Support Bandwidth-Hungry Users By Preventing Network Traffic Jams
- Nortel Ethernet Access Enables UNET to Unleash Next-Gen Broadband in The Netherlands
- Juniper Networks and Network Infrastructure Partners Drive Standards-Based Network Access Control
- ADVA Optical Networking's FSP 150 Ethernet Access Portfolio to Be Part of MEF Demo at SUPERCOMM
- Hatteras Networks Award-Winning Ethernet Access Platforms Cross the Bridge to Rural America--Deployed By Atlantic Telephone and Wightman Telecom
- Aurora Networks Expands CWDM Ethernet Access Product Line
- Aurora Networks Introduces CWDM Ethernet Access System
 |
 |
User Comments (0)
RSS Feeds