Akros Silicon, a PoE Chip Developer, Raises $10 million in Round B

March 05, 2007 by Jeff Shepard

Akros Silicon, a fabless semiconductor start-up focusing on chips for Power Over Ethernet (PoE) networking and broadband communications, has raised $10 million in a series B round of financing. The round was led by Levensohn Venture Partners and included returning investors Bay Partners, SPM Capital and US Venture Partners. The series A round in 2005 raised $9 million.

The company says the money will be used for accelerating the development of its 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 activities.

In less than 18 months, Akros has developed a mixed signal system-level IC for seamless integration of PoE control, power management and interface to the Ethernet. The company is sampling its chips to equipment suppliers who will use the Ethernet network for applications such as VoIP, wireless LAN access points, RFID tag readers, point-of-sale terminals, security cameras, remote access and home networked systems.