SuVolta, a US-based developer of scalable semiconductor technologies for low-power, high-performance integrated circuits (ICs), has secured $10.6m in funding with the participation of new investor, Japan-based Fujitsu Semiconductor Limited, alongside existing investors, venture capital firms Kleiner Perkins Caufield & Byers (KPCB), August Capital, New Enterprise Associates (NEA), Northgate Capital and DAG Ventures.
Previously, in January 2012, Bright Capital, the $350m corporate venturing unit of Russia-based conglomerate Ru-Com, led a $17.6m round for SuVolta. SuVolta, formerly known as DSM Solutions, emerged from stealth in June 2011 having over the five previous years raised $22m in May 2010, $3m in December 2009, $16.5m in 2007 and $6m in 2006, according to regulatory filings.
SuVolta will use the new funding to accelerate the integration of its low-power chip technology into the design and fabrication of semiconductor integrated circuits (ICs) for ultra-low power applications, such as DRAM, Internet of Things (IoT) and mobile computing.
Haruyoshi Yagi, Corporate Senior Executive Vice President at Fujitsu Semiconductor Limited, said: “Fujitsu Semiconductor is committed to advancing the development of energy efficient products for the consumer and mobile markets. Our investment in SuVolta is a reflection of the excellent working relationship between the companies and our confidence in the value of DDC technology at a variety of process nodes.”
Forest Baskett, SuVolta Board member and general partner at NEA, said: “As we move towards an increasingly connected world, reducing power consumption and controlling costs are the semiconductor industry’s greatest challenges. SuVolta is solving these challenges while enhancing the industry’s most cost-effective process technology — planar, bulk CMOS — which is critical for the emerging Internet of Things market.”