OTTAWA, April 13, 2015 /CNW/ - Solantro Semiconductor Corp., the leader in Digital Power Processor chipsets, announced that it has closed $11 million as part of a series B round to expand its early lead in renewable power conversion semiconductor ICs.
This financing includes existing investors (Black Coral Capital, BDC, Presidio Ventures, Clean Energy Venture Group and EDC) as well as new investor Inerjys Ventures.
Solantro is pioneering digital power processor technology (dP2) used to control, sense and drive next generation power conversion topologies. Solantro secured the additional financing to support volume ramp with customers.
"Solantro's goal is to enable our customers to deliver the best and lowest cost solutions to the renewable power market" said Antoine Paquin, CEO of Solantro. "This capital secures the necessary resources to continue to respond to growing customer demand".
About Solantro Semiconductor
Solantro is a world leader in developing customized chipsets, firmware and development platforms for power conversion applications across distributed renewable energy networks. Founded in 2009, the company has assembled a team of proven entrepreneurs with deep experience in system architecture, mixed-signal semiconductors and power conversion. Solantro is working closely with select visionary partners and customers to fundamentally redefine the manageability, scalability, reliability and economics of grid-tied and off-grid renewable energy installations through deployment of highly distributed power system architectures based on its Digital Power Processor (dP2) chipset. www.solantro.com
SOURCE Solantro Semiconductor
For further information: Seste Dell'Aera Marketing Communications, [email protected], (613) 274-0440 ext. 269