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Avogy
Avogy, Inc. is a leader in advancing energy efficiency and reliability of power conversion systems
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 dataAt 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
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Jan 2018 | $0 | — | NexGen Power Systems | — |
| SERIES B✓Equity / VC | Sep 2014 | $40M | $160M | Khosla Ventures · Infineon Technologies · Intel Capital | — |
Growth signals
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.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
Khosla Ventures
Intel Capital
Infineon Technologies
Other known investors2 additional known investors
NexGen Power Systems
ATEL Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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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