⚡ Powering the AI factories of tomorrow ⚡ Skycore Semiconductors, which is developing next-gen power converters for AI data centers, has raised a total of €5M in funding. Founded by four power IC experts with 9 years of joint R&D work at DTU - Technical University of Denmark, the round was led by Amadeus APEX Technology Fund (APEX Ventures), with participation of Balnord, Mätch VC, and us, First Momentum Ventures.
GPUs and AI servers are becoming increasingly power-hungry. NVIDIA's new Kyber architecture will feature racks consuming around 600kW, compared to today's 30 to 120kW, making power delivery a critical bottleneck. Power converters, stepping down high-voltage electricity to levels GPUs can use, are increasingly becoming a bottleneck. Think of them as adapters between your wall outlet and your laptop, except they have to handle GPUs consuming kilowatts.
Skycore's chips will be at the heart of the AI data center transformation. By converting higher voltage power to GPU-ready power with unprecedented efficiency, they enable compact single-chip solutions while competitors need multiple bulky modules to handle the rising power. Their patented switched-capacitor ICs deliver superior power density at >1.5kW in an ultra-compact form factor, scalable to higher powers and voltages.
We're thrilled to back Pere, Dennis, Thomas, Guifré, and the team as they become the default power semiconductor platform for AI data centers. Welcome to the First Momentum family!
Curious what convinced us to back Skycore? Full article below 👇
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