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Avogy

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Avogy, Inc. is a leader in advancing energy efficiency and reliability of power conversion systems

San Jose, United StatesFounded 2010Energy
Valuation $100–250M Last recorded · 2014
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Avogy and the history behind them.

About Avogy

Avogy, Inc. operated in the power electronics and semiconductor sector, with a focus on developing Gallium Nitride (GaN) on GaN technology. Founded in 2010 by Isik Kizilyalli and led by CEO and President Dinesh Ramanathan, the San Jose-based company aimed to create power conversion systems that were more efficient, smaller, and lighter than existing solutions. The firm's core business involved the design and in-house fabrication of vertical GaN semiconductor devices, modules, and systems. Avogy managed its own 3,500-square-foot clean room, which allowed for rapid prototyping and volume production of its GaN epitaxial layers and devices.

The company successfully raised a total of $40 million in a Series B funding round in September 2014, led by Intel Capital with participation from Khosla Ventures. This followed a $1.7 million grant from the Department of Energy's ARPA-E program in 2013. The capital was intended to further develop its semiconductor technology and support its go-to-market strategy. Avogy's technology was positioned to serve a broad range of applications, with Intel platforms like Ultrabooks, all-in-ones, and workstations being a strategic focus.

Under its consumer-facing brand, Zolt, Avogy launched the Zolt Laptop Charger Plus. This product was a compact, 70-watt charger capable of powering a laptop and two additional USB devices simultaneously. Marketed as a lightweight and portable alternative to bulky manufacturer-supplied power bricks, the Zolt charger measured just 3.66 inches long and weighed 0.22 pounds. It utilized interchangeable power tips to work with most major laptop brands and featured folding prongs for easy travel. The charger was priced around $99-$100. Reports indicate that Avogy ceased operations, and its intellectual property was acquired by NexGen Power Systems in 2018 for $200,000, a company later co-founded by Avogy's former CEO, Dinesh Ramanathan.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2010
Headquarters
San Jose, United States
Employees
3
Open positions
None listed
Dealroom signal
56.6/100
Industry
Energy, Semiconductors
Sector
Energy, Charging Technology, Semiconductor Designers and Manufacturers, Power Converters, GaN (Gallium Nitride), Hard Tech, DT and LS, science-based
Technology
Hardware, Deep Tech
Business model
Manufacturing
Client focus
b2b

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Jan 2018 $0 — NexGen Power Systems —
SERIES B✓Equity / VC Sep 2014 $40M $160M Khosla Ventures · Infineon Technologies · Intel Capital —
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Avogy website traffic

Latest recorded traffic for Avogy is 590 monthly website visits, up 145.8% over the last three months. Avogy's team grew 0% over the past year.

Latest monthly visits590 3-month web change+145.8% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

Other known investors2 additional known investors

  • NexGen Power Systems
  • ATEL Ventures
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Avogy on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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