EnVerv Inc., an innovative fabless semiconductor company and a leading provider of high performance communications and metering System on Chip (SoC) solutions for the Advanced Metering Infrastructure (AMI), smart grid, solar and other grid connectivity markets announced today the closing of its $15.4M round of series C financing with participation from Cassiopeia Capital Partners, Cisco, UMC Capital and existing investors, Benchmark Capital, NEA, and Walden International.
“We are very glad to have raised this sizable round of investment,” said Michael Raam, CEO and President of EnVerv. “This round further underscores our dedication to providing high-performance SoC solutions to our customers. We intend to utilize this capital to support the production ramps, expand our customer base and also continue the development of new product families in wired and wireless communications as well as metering market segments.”
solutions to their customers,” said Frank Lee of UMC Capital.
About EnVerv Inc.