EnVerv Closes $12M Series B Funding

EnVerv Inc., a San Jose, California-based fabless semiconductor company developing high performance Communications System on Chip (SoC) solutions for the Smart Grid market, has closed a $12m Series B funding.

The round was led by Benchmark Capital, with participation from existing investors New Enterprise Associates and Walden International.

The company intends to use the funds to scale customer support and volume production of its high performance multimode PLC chips.

Led by CEO Shahin Hedayat, EnVerv works on highly integrated multi-standard (such as G3-PLC, PRIME, S-FSK and EnVerv’s TurboPLC™) narrowband PLC modems, which enable applications in Advanced Metering Infrastructure (AMI), Solar Inverters, Active Lighting, Industrial Control & Remote Monitoring markets where emphasis on mission critical communications and reliable data transmission across power line networks are required.

The company also has offices in San Diego and Shenzhen, China.



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