Digital power firm secures €5.3m funding

Cork-based digital power company Powervation has secured €5.3m in funding to fuel growth in the cloud and communications sector.

Fri, 07 Dec, 2012 - 00:00
Vincent Ryan

The funding comes from a new investor, Semtech Corporation, together with Enterprise Ireland. Semtech will be joining existing investors Intel Capital, SEP, VentureTech Alliance and Braemar Energy Ventures.

CEO of Powervation, Mike McAuliffe, said the calibre of the investors was an endorsement of Powervation’s technology,

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CourtsPlace: CorkPerson: CEOPerson: Mike McAuliffePerson: Damien CallaghanOrganisation: PowervationOrganisation: Semtech CorporationOrganisation: Enterprise IrelandOrganisation: SemtechOrganisation: Intel CapitalOrganisation: SEPOrganisation: VentureTech AllianceOrganisation: Braemar Energy Ventures
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