The Indian Angel Network has invested in Bangalore-based integrated chip solutions provider xSi Semiconductors. Lip Bu Tan, the chairman of global venture capital firm, Walden International, has also participated in the round of funding. IAN member Hemant Kanakia will join the board of the company.
Founded in 2012, the start-up’s core focus area is in power management, primarily in LED drivers and voltage regulators.
Source: Economic Times
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