Irish digital power controller maker raises $5.5m C1 funding round from existing investors including Intel Capital and Semtech Corporation.
Powervation, an Ireland and US-based energy technology company which makes digital power controllers, has raised a $5.5m C1 funding round from existing investors including Scottish Equity Partners, Intel Capital, the corporate venturing unit of US-based semiconductor company Intel, VentureTech Alliance, Braemar Energy Ventures, and US-based semiconductor company Semtech Corporation.
In December 2012, Powervation raised $7m in a series C round.
The latest funding will be used to scale the company and accelerate expansion of its product portfolio.
Mike McAuliffe,…
