BRIDGEWATER, NJ, July 6, 2006 – Enpirion, Inc., a leading provider of integrated power solutions, today announced that it has secured $20 million in Series C financing led by BA Venture Partners. New investor Xilinx, Inc. also participated in the Series C financing. Enpirion also announced that Rob Herb, Managing Director with BA Venture Partners, has joined the Board of Directors. All of Enpirion’s previous investors, including Canaan Partners, Columbia Capital, Intel Capital, RRE Ventures and SAS Investors also participated in this round. The new financing will be used to increase the Company’s engineering and sales staff as Enpirion expands its product development and increases its sales and marketing resources worldwide.
“This round of financing will be used to significantly increase our presence in applications where we have demonstrated that our high power density integrated solutions can greatly improve both product performance and footprint,” said Mark Downing, CEO of Enpirion. "Rob’s extensive operational experience in the semiconductor industry will be a great asset to the Board of Directors.” “BAVP has a strong track record in mixed-signal semiconductors and continues to like this sector due to its large addressable global market and strong economics,” said BA Venture Partners’ Rob Herb. “I look forward to working with the Enpirion team to establish their innovative power management solutions in a broad range of markets.”
About BA Venture Partners
BA Venture Partners (BAVP) provides capital and expertise to accelerate market traction for technology and healthcare companies. Based in Foster City, California, the BAVP team collectively offers decades of technology and venture industry experience to development- stage companies in hardware, software, biotechnology and medical devices. Representative portfolio companies include Alimera, Biz360, Frontbridge, Glu Mobile, Good Technology, Monolithic Power Systems, Omniture, Placeware, Seattle Genetics, Somaxon, Wayport and Xceive. Bank of America is BAVP's sole limited partner. For more information, visit www.baventurepartners.com.
Founded in 2001, Enpirion is a private fabless semiconductor company pioneering integrated power technologies in the embedded DC-to-DC power conversion space. Enpirion’s products appeal to a broad range of customers building computers, set-top boxes, consumer electronics, telecommunications equipment, handheld devices, cellular handsets and more. Power Electronics Technology selected Enpirion’s first product, an ultra-integrated DC-to-DC converter for point of load applications, as its 2004 “Product of the Year,” and EDN named it the “Power IC Innovation of the Year.” Enpirion is funded by BA Venture Partners, Canaan Partners, RRE Ventures, Columbia Capital, SAS Investors, Intel Capital and Xilinx, Inc. For additional information about Enpirion and its award-winning products, please visit www.enpirion.com.
Rainier Corporation (for Enpirion)
Tenor Communications (for BAVP)
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