Empower Semiconductor, a leader in providing power solutions for advanced artificial intelligence processors, has successfully concluded its Series D financing round, raising in excess of $140 million. This significant investment was spearheaded by Fidelity Management & Research Company and included participation from a distinguished group of investors. Among these were Maverick Silicon, CapitalG, Atreides Management, Socratic Partners, Walden Catalyst Ventures, and Knollwood, as well as a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
This substantial influx of capital is strategically poised to fuel Empower Semiconductor’s already impressive expansion within the artificial intelligence sector. It will also be instrumental in accelerating the company’s ongoing efforts to achieve groundbreaking technological advancements, specifically in the critical area of how AI processors receive and manage their power. This funding marks a pivotal moment for Empower Semiconductor as it continues to innovate and lead in the rapidly evolving AI landscape.
The financial transaction was facilitated by Barclays Capital, which served as the exclusive placement agent.
KEY QUOTES:
“The syndicate we now have backing Empower underscores the strength of our technology lead, market opportunity and depth of customer adoption. Over the coming quarters, we’re set to transform the AI market with our revolutionary technology, enabling gigawatts of energy savings and improved throughput of AI platforms across data centers worldwide.”
Tim Phillips, Founder & CEO of Empower Semiconductor
“Empower is solving the critical bottleneck in modern AI computing with a platform that combines technical leadership and commercial momentum. As power demand in data centers continues to rise, a new technology is required to enable the next generation of AI performance and Empower is setting the standard. We are thrilled to participate in their journey and success.”
Andrew Homan, Managing Partner at Maverick Silicon
“Empower has demonstrated a clear vision, execution and leadership in power delivery, one of the most critical enablers of AI infrastructure. We’re excited to support the Empower team as their highly differentiated technology is having a tremendous impact on the scaling of Data Centers and performance of AI.”
James Luo, General Partner at CapitalG, Alphabet’s independent growth fund
