EnVerv Inc., a Milpitas, CA-based fabless semiconductor company, closed a $15.4m Series C financing.
Backers included Cassiopeia Capital Partners, Cisco, UMC Capital and existing investors Benchmark Capital, New Enterprise Associates and Walden International.
Led by Michael Raam, CEO and President, EnVerv provides high performance communications and metering System on Chip (SoC) solutions, which enable high-speed communications over Low Voltage (LV) and Medium Voltage (MV) power lines that are applicable to various grid connectivity markets such as Advanced Metering Infrastructure (AMI), solar micro-inverters, transformer monitoring, substation communications, lighting networks, etc.
Its suite of communications SoC solutions includes 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 and ARIB frequency bands.
20/12/2011: EnVerv Closes $12M Series B Funding