Enpirion Closes $17 Million Series B Funding

December 20, 2004 by Jeff Shepard

Enpirion Inc. (Bloomsbury, NJ), a developer of power management solutions, announced that it has closed its second round of funding with a total of $17 million invested. RRE Ventures and Columbia Capital led the round with participation from new investor Intel Capital and the original Series A participants, Canaan Partners and SAS Investors. Jim Robinson from RRE Ventures and Hemant Kanakia from Columbia Capital will become Directors of the company. The investment will be used to ramp production, sales and marketing expansion, as well as future product development.

"We are thrilled to have our new top tier and strategic investors onboard," said Enpirion CEO Mark Downing. "We are also very pleased with our existing investors' confidence in the success of Enpirion, by their participation pro-rata in this round of funding. As we enter into our next phase of growth, Round B will enable us to ramp our initial products into production and will provide a basis for the development and expansion of our product line into several new markets."