Thursday, March 27, 2014

EnVerv Finds $15.4M For Smart Meter Chips

San Jose-based EnVerv, a develop of systems-on-a-chip for the smart meter market, has raised $15.4M in a Series C funding, the company said earlier this week. The company said the funding came from Cassiopeia Capital Partners, Cisco, and UMC Capital, along with Benchmark Capital, NEA, and Walden International. EnVerv is led by Michael Raam, and develops systems-on-a-chip used for measuring power consumption. More information »