Primarion Secures $22 Million in Series D Funding
Primarion Inc. (Tempe, AZ), a mixed-signal semiconductor company that provides digital control of power solutions, announced that it has raised in excess of $22 million in Series D equity financing, which it is using to further expand its global resources and market presence, and accelerate the development of its digital power control solutions. Primarian continues to receive strong financial support with the new investment from W Capital Partners and continuing investments from Accel Partners, APV Technology Partners and Lehman Brothers.
"The last year has been incredibly strong for Primarion. Through this round of funding, our investors recognize that Primarion is building substantial momentum, thanks to our innovative approach to meeting the current and future demands for digital power," said Primarion President and CEO Ron Van Dell. "The next generation of processors for computing, graphics, and data communications present the engineering community with difficult power requirements. With our digital power solutions in production, Primarion is ideally suited to help companies overcome these challenges."