Greenvity designs system-on-chip (SoC) chips intended for smart grid-connected devices and energy-saving consumer electronics, including appliances, meters, set-top boxes, electric vehicles, solar inverters, phones and routers. Its chips are designed to work with a range of CPUs (x86 Intel embedded, Atom, ARM and custom embedded CPUs) and include encryption and security features. The company plans to generate revenue by selling chips to manufacturers and has not ruled out licensing its technology. Greenvity is working with prospective customers that manufacture home appliances, smart meters and set-top boxes, though its customer list is confidential under nondisclosure agreements. It intends to focus sales in markets where smart-grid infrastructure and demand for affordable smart devices are growing, naming the U.S., Europe, China, Japan, Korea and Taiwan. The system-on-chip space is crowded; the article cites competitors such as Conexant, Palmchip and Texas Instruments.

Total raised

$7M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2011