Akros Silicon secures $10.1 million in series B financing
Akros Silicon, a fabless semiconductor company has 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.
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.
"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."