SAN FRANCISCO Mixed-signal startup Primarion said Monday (July 25) that it has raised more than $22 million in series D funding W Capital Partners, Accel Partners, APV Technology Partners and Lehman Brothers.
Primarion (Torrance, Calif.) said it would use the funding to further expand its global resources and market presence, and accelerate the development of its digital power control solutions.
Accel Partners, APV Technology Partners and Lehman Brothers have each invested in Primarion during previous funding rounds. This is the first investment in the company by W Capital Partners (New York).
"The last year has been incredibly strong for Primarion," said Ron Van Dell, Primarion president and CEO, in a statement. "Through this round of funding, our investors recognize that Primarion is building substantial momentum, thanks to our innovative approach to meeting the current and future demands for digital power."
Primarion said it has significantly expanded its global operations in the past six months to support a number of revenue-generating design wins. In particular, the company said it now offers field application support in the Dallas and Research Triangle Park, N.C. areas, as well as in California and Taiwan.