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Enpirion has secured $20 million in Series C financing led by BA Venture Partners
July 6, 2006
BRIDGEWATER, N.J. -- 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."
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