Amantys raises $8 million funding

Date
11/22/2012

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ARM VP of segment marketing Vincent Korstanje joins the Amantys board

IGBT Power Drive module

Amantys Ltd has raised new funding of $8 million.  This significant new financing enables it to expand into new markets and build on its successful power drive product family, launched in November 2011. The funding has again been led by Moonray Investors, part of Fidelity International. Last year Amantys launched an extensive family of Power Drive IGBT Module gate driver products (3.3kV, 1.7kV & 1.2kV).  Earlier this year, it extended the capability of the products with the introduction of Amantys Power Insight, a disruptive new hard and software platform that applies digital communications and control techniques to make the operating conditions at the heart of power switches visible. Visibility brings opportunities to optimise performance and to improve maintenance regimes in systems such as wind turbine, power converters or traction systems for electrically powered locomotives. Nicky McCabe, COO at Moonray Investors said: "We have continued to be really impressed with the success that Amantys has achieved over the last year, bringing new and disruptive products to market. They are gaining the attention of leading global power electronics companies in an industry set on improving efficiency and reliability." ARM VP of segment marketing Vincent Korstanje is joining the Board of Amantys to represent ARM's continued support for its investment in Amantys. He adds "Amantys' unique power switching technology delivers significant energy savings in medium and high voltage markets. This year Amantys added the Power Insight product that provides real-time monitoring and control of the power switch in order to further improve energy efficiency and reliability. "This is a great example of the "Internet of Things" in which ARM-based processors are used to make product more efficient by adding sensors, machine to machine communication, and remote diagnostics and control."  Amantys CEO, Bryn Parry, adds: " We've made enormous progress in just a few years, and this investment will allow us to develop the business further, and to deploy our products across a wider range of applications.  With more exciting new products on the horizon, industry-wide recognition, and equipment demand growing, we expect this to continue over the next few years."

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