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Akros Silicon secures $9 million financing
Led by Bay Partners and U.S. Venture Partners
New company’s semiconductors bring intelligence to the network edge
Folsom, CA -- Akros Silicon Inc., a fabless semiconductor company developing highly integrated devices to enable intelligent appliances on the edge of the network, announced that it has closed its first round of venture funding totaling $9 million. The Series A financing, led by Bay Partners and U.S. Venture Partners, will enable the company to develop, produce, market and sell its first generation of semiconductor products.
Atul Kapadia, general partner at Bay Partners, and Chris Rust, general partner at U.S. Venture Partners, will join the Akros Silicon board of directors. Irwin Federman, general partner at U.S. Venture Partners, will serve as an advisor to the board of directors. Francois Crepin, Akros Silicon’s CEO, serves as Chairman, and Sajol Ghoshal, Akros Silicon’s CTO, is a director.
“Akros Silicon has assembled a top-notch team with a clear and compelling plan for success,” said advisor Irwin Federman. “We were particularly impressed with the initial customer feedback. When shown Akros Silicon’s first planned product, every potential customer had the same question: ‘How soon can I have it?’ The Akros team is addressing unmet market needs ahead of the competition and can create value quickly.”
"We are delighted to have the support of Bay Ventures and U.S. Venture Partners and see this as a strong endorsement of our team, our technology and our product roadmap." said Akros Silicon Chairman and CEO Francois Crepin. “This funding provides the capital needed to move the company swiftly from concept to production and customer sales."
About Akros Silicon Bringing Intelligence to the Network Edge
Akros Silicon Inc. is Venture Capital-backed fabless semiconductor company located in Folsom California. Akros focuses on developing highly integrated and innovative products in the fast growing Ethernet networking and broadband communications arenas.
Akros Silicon Inc. (“Akros” is Greek word for “edge”) has the vision to enable intelligent appliances on the edge of the network. In order to achieve this, Akros’ engineers develop innovative integrated circuits using mixed analog and digital signal processing, digital signal processing and algorithmic techniques to develop highly disruptive solutions, capitalizing on Akros already patented technology.
Ethernet infrastructure is deployed everywhere in the office and has now started to penetrate the residential, automotive and factory automation environments. Akros Silicon’s solutions will enable large scale deployment of network attached appliances such as VoIP phones, wireless access points, RFID tag readers, point-of-sale terminals, networked cameras, security access and home entertainment systems enabling the convergence of data, audio, MP3s, video, PDAs, etc.
Akros’ highly differentiated and IP-protected integration, using standard high volume CMOS process, opens a huge opportunity for new silicon solutions for use in the fast growing network appliances marketplace. For more information, please visit www.AkrosSilicon.com