The Tewksbury, Mass.-based startup, CHiL Semiconductor, a developer of mixed-signal power management ICs, has completed its second major round of venture capital financing, securing $16.7 million. Silicon Valley investor Panorama Capital led the new round and joined the initial investor group of Flybridge Capital Partners, Highland Capital, and IdSoft Capital.
The proceeds will fund the expansion of worldwide sales efforts and support ongoing product development for CHiL’s family of power management ICs. These devices are based on an open mixed-signal platform that enables system designers to meet their targets for efficient use of power without compromising system performance or incurring higher costs.
The CHiL controller architecture uses mixed-signal technology to optimize performance, increase power efficiency and streamline the design. According to the company, CHiL’s use of digital power techniques with non-linear control results in a very high bandwidth solution, delivering a fast transient response for high-performance servers, computers and other systems requiring high efficiency solutions. CHiL integrates a number of differentiating features such as monitoring and control capabilities with real-time response.