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§ Private Profile · Milpitas, CA, USA
Develops integrated voltage regulators for high-efficiency power management in AI processors, data centers, and servers.
Founded in 2014 by Tim Phillips, Gene Sheridan, and David Lidsky, Empower Semiconductor is a Milpitas, California-based hardware company developing integrated voltage regulators for high-efficiency power management in data-intensive applications. The organization utilizes its proprietary FinFast technology and Crescendo platform to enable scalable, on-demand power delivery for artificial intelligence processors, data centers, servers, and high-performance computing systems. These hardware solutions are specifically designed to reduce component count, physical footprint, and energy consumption while maintaining high precision for complex system-on-chips and communications networks. The enterprise recently closed a Series D financing round to support its global expansion, which includes a new Munich research facility alongside its Silicon Valley headquarters. To further guide this international growth, the corporate board was recently expanded to include industry veterans John Bagatelos, Andrew Homan, and former NXP chief executive Richard Clemmer.
Empower Semiconductor has raised $215.0M across 3 funding rounds.
Empower Semiconductor has raised $215.0M in total across 3 funding rounds.
Empower Semiconductor has raised $215.0M across 3 funding rounds. Most recently, it raised $140.0M Series D in September 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2025 | $140M Series D | Fidelity Management & Research Company | AYA, CapitalG, Cyberstarts VC, S Capital VC, Sequoia Capital, SNR, Tenaya Capital, Y Combinator, Andrew Homan, Atreides Management, Knollwood Investment Advisory, Socratic Partners, LIP BU TAN | Announced |
| Mar 7, 2023 | $30M Venture Round | — | — | Announced |
| Oct 26, 2021 | $45M Venture Round | Edward Chyau | Hallador Investment Advisors, Regal I, Samsung | Announced |
Empower Semiconductor is a Silicon Valley-based power management startup founded in 2014 that develops integrated voltage regulators (IVRs) and related technologies to solve power density challenges in data centers, AI, high-performance computing (HPC), mobile, communications, and embedded systems.[4][1][2] The company builds products like the EP70xx family of IVRs, E-CAP™ silicon capacitors, and the Crescendo vertical power delivery platform, serving AI chipmakers, SoC designers, data center operators, and developers in medical, wearables, and 5G applications by addressing inefficiencies in traditional power delivery—such as slow transient response, large footprints, and energy loss—through ultrafast, high-density, on-demand power solutions.[2][5][3][6] With over $140M in Series D funding from investors including Fidelity, CapitalG, and ADIA, Empower demonstrates strong growth momentum, including recent board appointments, OCP membership, and launches like Crescendo in 2024 to power next-gen AI processors up to 3,000A.[6][2]
Empower Semiconductor was founded in 2014 in Milpitas, CA, by a team of experienced power management experts to tackle fundamental power density issues in data centers, mobile devices, communications, AI, and beyond, starting with the world's first IVR family and later expanding to E-CAP technology in 2020.[4][5] The idea emerged from recognizing that traditional DC/DC converters were inefficient, slow, bulky, and reliant on external components, prompting innovation in high-speed architecture using fine-line CMOS, advanced packaging, and integrated high-density capacitors.[4][3] Early traction came from patented IVR tech achieving breakthroughs like the world's fastest transient response (zero to 10A in 500ns), over 40 patents, and a growing team of more than 40 employees, positioning it as a leader before scaling with major funding rounds culminating in the 2024 Series D.[4][5][6]
Empower stands out in power management through patented innovations enabling single-IC solutions that shrink size, boost speed, and cut costs:
Empower rides the explosive growth of AI and HPC power demands, where processors require kW-scale, ultrafast delivery amid data center energy constraints and 5G/edge computing proliferation.[2][4][6] Timing is ideal post-2024 AI boom, as Crescendo directly solves "last-mile" losses for multi-generational AI chips, aligning with OCP initiatives for sustainable data centers.[2][6] Market forces like rising cloud/AI capex and efficiency mandates favor its vertical integration, which cuts energy footprints, enables thinner designs for AR/VR/mobile, and integrates seamlessly into chiplets/SoCs amid supply chain simplification needs.[4][7][1] By powering the "AI revolution" and influencing standards, Empower accelerates ecosystem shifts toward dense, efficient power architectures.[2][6]
Empower is poised to dominate AI power delivery with Crescendo's scalability and recent $140M+ funding fueling expansion into hyperscale data centers and beyond.[6][2] Trends like exascale AI, chiplet proliferation, and net-zero data centers will amplify demand for its IVR/E-CAP stack, potentially capturing share from legacy discrete solutions amid 3nm+ nodes.[2][7] Influence may evolve through deeper OCP ties, co-packaged optics integration, and acquisitions, solidifying its role as the efficiency enabler for the digital economy—transforming power from bottleneck to advantage, much like its origin mission to conquer density challenges.[4][6]
Empower Semiconductor has raised $215.0M in total across 3 funding rounds.
Empower Semiconductor's investors include Fidelity Management & Research Company, Aya, CapitalG, Cyberstarts VC, S Capital VC, Sequoia Capital, SNR, Tenaya Capital, Y Combinator, Andrew Homan, Atreides Management, Knollwood Investment Advisory.