Akros Silicon Secures $10.1 Million in Series B Financing Led by Levensohn Venture Partners.Pascal Levensohn Joins Board of Directors FOLSOM, Calif. -- Akros Silicon, a fabless semiconductor company A fabless semiconductor company specializes in the design and sale of hardware devices implemented on semiconductor chips. It achieves an advantage by outsourcing the fabrication of the devices to a specialized semiconductor manufacturer called a semiconductor foundry or "fab. bringing power to the Ethernet world by enabling large-scale deployment of network-attached appliances, today announced that it has secured $10.1 million in Series B financing led by Levensohn Venture Partners. The investment includes existing Series A investors, Bay Partners, SPM SPM - Sequential Parlog Machine Capital and US Venture Partners. Akros Silicon also announced that Pascal Levensohn, managing director of Levensohn Venture Partners, has joined its board of directors. 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 Levensohn. "Through higher levels of integration, efficiency and functionality, we believe Akros Silicon will help further drive the proliferation of connected devices in the enterprise, digital home and industrial settings. These are large growth markets and an area that LVP LVP LLS (Laser Leveling System) Vertical Position LVP Left Ventricular Pressure (electrocardiograms) LVP Least Valuable player LVP Low Vapor Pressure LVP Large Volume Parenteral 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." In less than 18 months, Akros Silicon has developed the industry's first mixed signal system-level IC solution that provides a unique seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. of Power over Ethernet Power over Ethernet or PoE technology describes a system to transmit electrical power, along with data, to remote devices over standard twisted-pair cable in an Ethernet network. (PoE) control, power management and interface to the Ethernet world. The company is sampling highly integrated and differentiated ICs used for bringing power to network attached appliances such as VoIP phones, wireless LAN A local area network that transmits over the air typically in the 2.4 GHz or 5 GHz unlicensed frequency band. It does not require line of sight between sender and receiver. Wireless base stations (access points) are wired to an Ethernet network and transmit a radio frequency over an area access points, RFID tag An electronic identification device that is made up of a chip and antenna. For reusable applications, it is typically embedded in a plastic housing, and for tracking shipments, it is usually part of a "smart" packaging label. readers, point-of-sale terminals, security cameras, remote access and home networked systems which will accelerate the convergence of data, audio and video transmission. "We are pleased to welcome Pascal Levensohn to Akros' board of directors," said J. Francois Crepin, president, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and chairman of Akros Silicon. "Along with his tremendous business experience in semiconductor and communication companies, Mr. Levensohn and his team will be strong assets in assisting Akros develop strategic approaches, partnerships and establish a global presence." Akros Silicon was recently awarded the Fabless Start-Up to Watch Award from FSA FSA Financial Services Authority FSA Food Standards Agency (UK) FSA Farm Service Agency (USDA) FSA Financial Services Agency (Japan) . The award was giving following an exhaustive nomination process by the FSA Venture Capital Advisory Board. Akros Silicon was identified as the most promising fabless semiconductor company that demonstrated the potential to positively change its market or the semiconductor industry through the innovative use of or new application for semiconductor technology. About Levensohn Venture Partners Levensohn Venture Partners (LVP) is an early stage venture firm investing in semiconductor and software companies that are transitioning from seed development to early commercialization of their product or services. Founded in 1996, LVP's portfolio companies include Atheros, BigFix, Broadlogic, KnowNow, Rapt, Reconnex, Ubicom, and Veraz Networks. For more information, please visit http://www.levp.com. About Akros Silicon Headquartered in Folsom, California Folsom is a city in California, United States. Folsom is most commonly known by its famous Folsom Prison, and is a thriving suburb of Sacramento. As of 2007, the State of California's estimate of Folsom's population is 70,835. , Akros Silicon (Akros is a Greek word for "edge") is a leading provider of highly differentiated system-level integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. that provide advance power management to the edge of the network. Akros Silicon's disruptive silicon technology enables large scale deployment of network-attached appliances, such as VoIP phones, wireless LAN access points, RFID tag readers, point-of-sale terminals, networked cameras, remote access and home-networked systems--accelerating the convergence of data, audio, and video applications. For more information, visit http://www.akrossilicon.com. |
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