Summit Microelectronics, a Sunnyvale, Calif. maker of programmable power management integrated circuits, said it raised $10 million.

Nokia Growth Partners led with $4 million, and was joined by existing investors Norwest Venture Partners, August Capital, Pequot Ventures, Bessemer Venture Partners, Hotung Capital Management and others.

According to the company’s statement:

Mobile phones no longer just make voice calls, but connect to the Internet and act as our mobile camera, music player, navigation device, and even our mobile television. This growing functionality raises the importance of power management. Nokia Growth Partners is pleased to lead this investment round.

Originally posted 2/5/07