Docea Power Secures $1.5M in VC Funding

4th June 2010

Docea Power

ES Admin

0 0

Docea Power SAS, announces it secured $1.5M in VC money after the successful launch of its Aceplorer product in 2009. The funds, raised from Rhône-Alpes Création, Alps Development Sustainable Investment, Siparex, Octalfa, and private investors, will be used to expand the company’s product offering and to increase its commercial deployment abroad, notably in Asia and the United States.

Docea brings a comprehensive and unique solution to energy consumption and heat dissipation in chips and electronic systems, a problem that is highly critical in the mobile application industry, says Guy Rigaud, Director of Rhone-Alpes Creation Benefiting from fast-growing trends in the green technologies and system level design (ESL) fields, the Docea’s positioning is highly promising.”

We were impressed by the customer references Docea obtained among the Top 5 manufacturers of semiconductors only few months after its inception, commented Sebastien Touvron of Siparex. “We are confident in the ability of the company to rapidly expand its business internationally.”

This investment represents a high sign of confidence and an important milestone in the history of Docea Power, said Ghislain Kaiser, CEO of Docea Power The support of well-recognized high-tech venture capitalists in our capital and the experience of our investors in the EDA field will enable us to increase the success of Aceplorer and to accelerate the marketing of new products at the international level.

The Docea solutions are the result of an R & D conducted in partnership with international research centers - IMEC, CEA-Leti, Verimag, G2Elab - and industrial partnerships.