Andigilog Secures $6.2 Million to Complete Financing
Andigilog Inc. (Tempe, AZ), a fabless analog and mixed-signal semiconductor company, announced that it has received $6.2 million from outside investors to complete its Series A financing. The final Series A investments were led by Valley Ventures, Mission Ventures and Palisades Ventures. Andigilog intends to use the funds to market its existing products and to further expand and develop its product line. The company's Series A financing totaled $11.0 million.
"This investment by Valley, Mission, Palisades and other investors, in addition to previous venture capital investments by Valley and Mission, represents continued validation of our business model of providing highly efficient and effective thermal management solutions for the rapidly growing notebook PC, cellular handset and consumer market segments," said Andigilog President and Chief Executive Bill Sheppard.
Andigilog has developed a family of analog and digital temperature-sensing products with high accuracy, critical in sensitive notebook PC, handset and other applications. The company also is developing new products for improved thermal management for systems facing heat issues caused by increasing processor speeds and smaller sizes.