Appulse Power, a spinout from University of Toronto, has been acquired by Silanna Semiconductor for an undisclosed sum.
Appulse Power, a Canada-based charging technology developer spun out from University of Toronto, was acquired yesterday by semiconductor producer Silanna Semiconductor for an undisclosed amount.
Founded in 2015, Appulse is developing power conversion and management technology that enables both smaller components inside devices, such as smartphone and laptops, and smaller chargers and adapters.
Appulse was co-founded out of University of Toronto’s Laboratory for Power Management and Integrated Switch-Mode Power Supplies by professor Aleksandar Prodić and postdoctoral fellows Ahsan Zaman and Behzad Mahdavikhah.
The company has not disclosed any equity funding, though it received several grants and participated in the University of Toronto Early-Stage Technology program and the EvoNexus incubator.
The spinout’s 13 employees, located across Toronto and San Diego, will remain with Appulse, which will operate as an independent business within Silanna. Mete Erturk, chief executive of Appulse, will become vice-president of AC:DC products for Silanna.
Prodić said: “The success of Appulse is credit to the incredible talent and dedication of my co-founders. This team has brought us into one of the biggest sales for an early-stage Canadian startup in the power electronics semiconductor industry, and I am extremely proud of their accomplishments.”