First published on the Cleantech Investor website, November 2012. Copyright Cleantech Investor Ltd.
Cambridge, UK, based Amantys has closed a funding round of US$8 million, led by Moonray Investors (part of Fidelity International). Amantys, which was founded in 2010 by former ARM executives and a Cambridge University academic, previously raised US$7 million in Series A financing from Moonray Investors and ARM plc in July 2011 to support its entry into the digital power platform market. Its family of products was subsequently launched in November 2011.
Amantys’ digital power switching platforms aim to bring very high efficiency power switching and intelligence to power applications across the energy generation, transmission and consumption sectors. The capability of the Amantys Power Drive™ IGBT Module gate driver products (3.3kV, 1.7kV & 1.2kV) was extended earlier this year with the introduction of Amantys Power Insight™, a hardware and software platform that applies digital communications and control techniques to optimise performance and to improve maintenance regimes. Applications include wind turbine power converters or traction systems for electrically powered locomotives.
Nicky McCabe, COO at Moonray Investors commented on the investment that it "…will enable the company to grow the commercial organisation and extend its global presence".
In conjunction with the funding round, ARM vice president Vincent Korstanje joins the Board of Amantys. Korstanje commented that:
"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 a product more efficient by adding sensors, machine to machine communication, and remote diagnostics and control."
Bryn Parry, Amantys CEO commented that the company has "more exciting new products on the horizon” and added that with “industry-wide recognition, and equipment demand growing, we expect to continue this success over the next few years."