SPIN Processed News Frame: The Cushion
Navitas Semiconductor agrees to buy Claros, which develops data center power management hardware and software, for ~$232.8M; Claros raised a $30M seed in March (Nate Doughty/Washington ...)
Navitas Semiconductor, a Los Angeles-based semiconductor manufacturer, agreed to acquire Claros Inc., a McLean-based startup focused on data center power management hardware and software, for approximately $232.8 million; Claros had raised $30 million in seed funding in March.
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"Navitas Semiconductor acquired Claros for $232.8M to expand its data center power management capabilities."