Press Release
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
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