OnChip Power joins the portfolio. Led by Venrock, the team raised its first round of funding before they even graduated from MIT. The recent graduates are working to reduce the size of the transformer “brick” required by many high-tech devices. Scott Kirsner at the Boston Globe wrote about their first round of funding: “OnChip Power, aiming a shrink ray at bulky transformer ‘bricks,’ raises $1.8 million from Venrock.”