Date: 03/06/2010

Docea Power receives VC Funding of $1.5 million

Docea Power has announced that it has secured $1.5M in VC funding. Docea's launch of its Aceplorer product in 2009 is termed successful. The fund were raised from Rhône-Alpes Création, Alps Development Sustainable Investment, Siparex, Octalfa, and private investors. Docea plans to expand its product offering to Asia and the United States.

"Docea brings a comprehensive and unique solution to energy consumption and heat dissipation in chips and electronic systems, a problem that is highly critical in the mobile application industry," says Guy Rigaud, Director of Rhone-Alpes Creation "Benefiting from fast-growing trends in the green technologies and system level design (ESL) fields, the Docea's positioning is highly promising."

"We were impressed by the customer references Docea obtained among the Top 5 manufacturers of semiconductors only few months after its inception," commented Sebastien Touvron of Siparex. "We are confident in the ability of the company to rapidly expand its business internationally."

"This investment represents a high sign of confidence and an important milestone in the history of Docea Power, " said Ghislain Kaiser, CEO of Docea Power "The support of well-recognized high-tech venture capitalists in our capital and the experience of our investors in the EDA field will enable us to increase the success of Aceplorer and to accelerate the marketing of new products at the international level".

Docea have worked in partnership with IMEC, CEA-Leti, Verimag, G2Elab for its R & D. Aceplorer (ACE stands for Abstract Concept of Energy) from Docea is used to model, simulate and explore all aspects of thermal energy and the architecture of complex electronic systems. It is said this product is adopted by well known American and European semiconductor manufacturers to develop ICs for mobile applications.