SANTA CLARA, Calif.--(BUSINESS WIRE)--PsiKick announced today the appointment of Philip J. Carmack as Chief Executive Officer. Carmack was also elected to the Company’s Board of Directors. Brendan Richardson, founding CEO, has transitioned to VP of Business Development. Carmack has been a serial entrepreneur and business builder in the technology industry for more than 30 years. Most recently, he was the CEO of Aptina Imaging Corp until its acquisition by ON Semiconductor in June 2014. Prior to Aptina, he launched and ran the Mobile Business Unit at NVIDIA Corp. During his tenure at NVIDIA he led the development of the Tegra product line of SoC processors. Carmack also spent 13 years in lead engineering and management roles including Executive Vice President of R&D at 3dfx, Senior Vice President and COO at Gigapixel and CEO and Founder of Raydiant.
“We are incredibly excited to have Phil leading the Company,” said Brendan Richardson, PsiKick co-Founder and VP of Business Development. “A CEO of his caliber is an incredible win for a company at our stage. He shares our vision for a battery-less Internet of Things and has the track record and experience to make it a reality.”
PsiKick designs, develops and sells battery-less IoT sensor nodes and systems based on the ultra-low-power circuit design expertise developed by Dr. Ben Calhoun and Dr. David Wentzloff, the company’s co-CTOs. PsiKick’s systems leverage Sub-Threshold design and ultra-low-power circuit techniques to drive the leading edge of what’s possible in low-power wireless sensors and systems. PsiKick’s SoCs consume less than 20µW.
“PsiKick’s ability to design fully integrated self-powering wireless SoCs is a true game-changer and will be fundamental to the growth of the IoT,” said Carmack regarding why he joined the Company. “As the next ‘wave of computing’— the Internet of Things— takes shape, the size and scope of the market opportunity for PsiKick is truly breath-taking. I’m incredibly excited to take the lead and continue building on the terrific job the team has done to date.”
PsiKick, Inc., is a venture backed start-up pioneering wireless, battery-less IoT systems. PsiKick’s technology approaches self-powered systems from multiple angles, combining energy harvesting nodes with overhauled wireless communication and ultra-low power radios. Leveraging technology developed at the University of Virginia and the University of Michigan, PsiKick has built a revolutionary solution for IoT systems. PsiKick’s investors include New Enterprise Associates, Osage University Partners and the Michigan Investment in New Technology Start-Ups Fund (MINTS). The Company is based in Santa Clara, CA with design centers in Charlottesville, VA and Ann Arbor, MI. For more information, visit www.psikick.com.
About Osage University Partners
Osage University Partners is a venture capital firm focused on investing in startups that are commercializing cutting edge university technologies. Osage partners with top research universities to invest in their most innovative startups, and Osage shares its investment profit with its partner institutions. The firm invests in both technology and life science companies at early and late stages of company development. Osage has partnered with over 80 universities and has invested in over 50 of their spinouts. Osage University Partners manages over $300 million across its funds and is part of a family of investment funds at Osage Partners, which is based in Philadelphia, PA. For additional information, visit: www.osageuniversitypartners.com.
New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With nearly $17 billion in cumulative committed capital since the firm’s founding in 1977, NEA invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm's long track record of successful investing includes more than 200 portfolio company IPOs and more than 320 acquisitions since its founding in 1977. In the U.S., NEA has offices in Menlo Park, CA; Boston, MA; New York, NY; Chicago, IL; and the Washington, D.C. metropolitan area. In addition, New Enterprise Associates (India) Pvt. Ltd. has offices in Bangalore and Mumbai, India and New Enterprise Associates (Beijing), Ltd. has offices in Beijing and Shanghai, China. For additional information, visit www.nea.com.