Akros Silicon Secures $10.1 Million In Series B Financing

By siliconindia   |   Tuesday, 13 March 2007, 17:30 IST
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FOLSOM: Akros Silicon, a fabless semiconductor company has secured $10.1 million in Series B financing led by Levensohn Venture Partners. Co- Founded by Sajol Ghoshal who is also current Chief Technical Officer, Akros Silicon enables better use of Ethernet by enabling large-scale deployment of network-attached appliances.The investment includes existing Series A investors, Bay Partners, SPM Capital and US Venture Partners. The new financing will be used for accelerating the development of new and innovative system level ICs that manage power at the edge of the network. The investment also enables Akros Silicon to expand its worldwide marketing and sales presence. "Akros Silicon has successfully developed a fundamentally disruptive family of products that will revolutionize power and Ethernet management at the edge of the network," said Pascal Levensohn, managing director of Levensohn Venture Partners, who has joined its board of directors. "These are large growth markets and an area that LVP has been focused on for several years. We look forward to working closely with the Akros Silicon team to help execute on management's aggressive growth plan." Akros Silicon was recently awarded the Fabless Start-Up to Watch Award from FSA and was also identified as the most promising fabless semiconductor company that demonstrated the potential to positively change its market or the semiconductor industry.