Navitas Semiconductor is buying Claros, a two-year-old startup whose power delivery silicon targets the gap between AI processors and the data center grid, for up to $232.8M.
Claros, backed by Red Cell Partners, General Catalyst, Systemiq Capital and VIPC, builds the vertical power delivery and integrated voltage regulator hardware plus the software stack that feeds chips like GPUs and CPUs.
Cash and Class A shares worth roughly $216M change hands at closing, with milestone-linked payments on top and a pool of about $28.9M in shares reserved for Claros employees who hit performance targets.
The purchase folds vertical power delivery into Navitas’ gallium nitride and silicon carbide lineup and completes a power path the company says now runs from the grid to the xPU, anchored by the 800V high-voltage DC architecture.
Navitas argues that compute is no longer the constraint in AI infrastructure, power delivery is.
The company expects the deal, announced August 24, to more than double its identified 2030 market to over $8B, with Claros adding at least $3.5B of that.
