MTPV: Austin chip maker raises funding to complete beta testing

MTPV Power Corp., a semiconductor chip maker, reported completing an $11.2 million round of financing. The Austin-based company collected the capital from 21 investors, according to a Tuesday filing with the U.S. Securities and Exchange Commission. MTPV lists the funding round as a Series B-1 financing. Investors included Northwater Capital Management, Total Energy Ventures, Saudi Basic Industries Corp. and Arizona-based Point Financial LLC, according to a company news release. Got Energy? Sign…