Advanced Analogic Technologies Inc. (AnalogicTech, Sunnyvale, CA), a developer of power management solutions, announced that Samsung Ventures America, the US-based venture capital investment arm of Samsung Electronics and Samsung Venture Investment Corp., has invested $2 million. The investment is an extension of Series E Financing that was originally announced on January 20, 2004.
The Series E private equity financing will be used for working capital to support ongoing revenue growth. As part of this process, AnalogicTech will extend its global presence by strengthening its worldwide sales and support staff and adding new members to its design team in its Sunnyvale headquarters.
