News

Enpirion Closes $8 million Series A Round

March 17, 2004 by Jeff Shepard

Enpirion Inc. (Bloomsbury, NJ), a developer of power management solutions based on its proprietary Power System on a Chip (PSOC) technology, announced that it has closed an $8 million round of funding, the company's first. The investment, which was led by Canaan Partners and in which Silicon Alley Seed Investors participated, will enable Enpirion to expedite its development and marketing plans.

Enpirion develops and markets fully integrated power devices that provide power directly to processors and other electronic devices. Enpirion's patented power architecture enables the company to build fully integrated PSOCs that reduce the number of components traditionally part of a power converter. The integration of these discrete components onto a single chip results in significant benefits for manufacturers and integrators of PCs, servers and hand-held devices across a broad array of applications.

"Customers are demanding highly integrated solutions that can meet the performance needs of state-of-the-art systems. We believe our dynamic power management solutions and PSOC technology represent the most significant innovations in power technology in over a decade," stated Enpirion Founder and CTO Ashraf Lotfi. "This round of funding will enable Enpirion to leverage fully our strong technology base, strategic relationships and world-class team as we continue to develop our products and deploy them across a broad array of applications."

Enpirion began developing its technology in late 2001, completed its first prototype designs in 2002, and anticipates making customer samples available by this summer.