ChiL Semi Raises $16.7 Million To Expand Sales & Operations Worldwide
CHiL Semiconductor, a developer of mixed-signal power management ICs for a wide variety of computing devices, announced the successful completion of its second major round of venture capital financing, securing $16.7 million. Silicon Valley investor Panorama Capital led the new round and joined the initial investor group of Flybridge Capital Partners, Highland Capital, and IdSoft Capital.
The proceeds will fund the expansion of worldwide sales efforts and support ongoing product development for CHiL’s family of power management ICs. These devices are based on an open mixed-signal platform that is said to enable system designers to meet their targets for efficient use of power without compromising system performance or incurring higher costs.
"CHiL is primed for success because it has the right people in place," said David Aronoff, General Partner, Flybridge Capital Partners. "The veteran management team is experienced in mixed signal and power technology from such industry leaders as Bell Labs, National, Fairchild, and Texas Instruments. Management has successfully attracted top engineering talent to join the mixed signal design and systems team. As CHiL grows the business, it can take advantage of the large talent pool available in Northeast US companies and universities to build a great company."
The CHiL controller architecture is said to use mixed-signal technology to optimize performance, increase power efficiency and streamline the design. CHiL’s use of digital power techniques with non-linear control is said to result in a very high bandwidth solution, and to deliver a fast transient response for high performance servers, computers and other systems requiring high efficiency solutions. By efficiently using digital technology, CHiL claims that its devices integrate a number of differentiating features such as monitoring and control capabilities with real-time response.
"As the world moves toward computing solutions that are environmentally friendly, curtailing power consumption is the key" noted Ram Sudireddy, Chief Executive Officer, CHiL. "We are executing on our product roadmap for more efficienct solutions, which ensures that our customers can maximize their design investments with an ongoing stream of new products with innovative technology and features.This new round of funding will extend our global reach to system and board designers in key markets in Asia Pacific and North America."