Legit Reviews

Legit News

Asetek Receives $4 million in Venture Capital

Asetek, the market leader of thermal management solutions for semiconductors, announced today the investment of $4 million following the investment of $5 million closed last year. Northzone Ventures, Vaekstfonden, KT Venture Group, and a group of private investors participated in the round.

Thermal management is more important than ever: with the arrival of native 4, 8 and 16-core CPUs, multi-CPU motherboards, rapidly increasing graphics chip power, increasing end-user demand for smaller form factors/lower acoustic emission, and finally datacenters that are struggling with cooling and density problems. Asetek has different state-of-the-art solutions to ease this increasing pain. ”During 2007 I expect Asetek to engage in partnerships that enabled by Asetek’s thermal solutions will develop innovative new product concepts in terms of form factors, solution designs and performance,” said Gregers Kronborg, Chairman of Asetek and General Partner with Northzone Ventures. “Asetek will make the thermal solution an enabling design parameter to be considered strategically up front rather than a necessary evil fitted at the back end.”

Legit Forums

Posted by | Thu, Jan 18, 2007 - 09:44 AM