iWatt, Inc. Raises $12.4 Million in Series E Financing

Los Gatos, CA – iWatt, Inc., a leader in digital power IC and Systems products and technology, announced today the closing of a $12.4 Million Series E financing round, led by a strategic investor. Existing investors VantagePoint Venture Partners, Sigma Partners and Horizon Ventures, as well as several private investors, also participated in the round. The funding will be used to enhance the company's working capital to facilitate the rapid growth of its green technology products focused on AC-DC and DC-DC applications. Link.