Ikon Semiconductor Limited, a Dublin, Ireland-based fabless semiconductor company developing novel solutions for the LED lighting industry, recently raised €800k in funding.
The round was led by the Kernel Capital-managed Bank of Ireland Seed and Early Stage Equity Fund, which committed €400k, with participation from Simple.ie Green BES Fund, Enterprise Ireland and private investors.
Led by CEO Conor McAuliffe, Ikon Semiconductor, is developing innovative LED Driver IC solutions for the offline LED lighting market. By applying proprietary digital control techniques, the company is developing a solution designed to reduce cost and enhance performance of the power electronics required in LED lighting applications.
Ikon’s first product, which will be available in early 2012, will target the residential and commercial bulb replacement market.