Zilker Labs, Inc. announced that it has closed its fourth round of venture funding, securing $10 million from existing investors Sevin Rosen Funds, North Bridge Venture Partners and H.I.G. Ventures. The company will use the new financing to expand its sales staff to support increasing world-wide customer use of its innovative Digital-DC™ power conversion IC product family.
"Our investors have demonstrated their confidence in our expanding business results with this additional round of funding," said Bob Bridge, CEO of Zilker Labs. "We have a number of customers moving into high-volume production, and this investment will allow us to grow our team to provide optimal support to our international customer base."