Company’svaluation has doubled over the past 18 months
Empower Semiconductor, the world leader in Integrated Voltage Regulators(IVRs), today announced the close ofa $30 million equity financing round led by an international group of strategic and institutional investors.The financing willallow Empower to accelerate the development of its next generation integrated voltage regulator (Empower IVR™) semiconductor technology and continue to build out its international sales and engineering team.
The investment, which doubles the company’s previous valuation strengthensEmpower’s mission to minimize the energy footprint of the digital economy. It will also enable the Company to quickly bring to market state-of-the-art, high speed power architectures delivering industry-leading power density and transient responseas required by next generation high-performance Data Center and AI chips.It also expands Empower’s ability to engage with and support Tier 1 customers worldwide.
“This roundreflected the investment community’s excitement over Empower’s revolutionary technology ,” stated Tim Phillips, Empower’sChief Executive Officer. “Investors are seeing the remarkable impact our technology is having on customers globally, in particular inData Centers and AI. Our technology enables a leap in processor performance that traditional power solutionssimply won’t allow.”