Analysis

GaN Systems announces $20m venture capital financing

11th May 2015
Jordan Mulcare
0

The developer of gallium nitride power switching semiconductors, GaN Systems, has announced a $20m venture capital financing. Cycle Capital Management led the round and was joined by BDC Capital and Tsing Capital, as well as existing investors Chrysalix Energy Venture Capital and RockPort Capital.

As GaN Systems’ customers launch multiple consumer and enterprise products designed with its GaN transistors, this financing will enable the company to ramp up sales and marketing support for its rapidly growing international customer base and to continue manufacturing line expansion.

GaN-based transistors are increasingly positioned to disrupt the $15bn power transistor market and GaN Systems is one of the clear leaders in realising this potential. The company’s innovative Island Technology results in devices that are smaller and more efficient than traditional silicon design approaches. Its products enable previously unseen switching efficiencies that lead to more sustainable energy use and increased power efficiency, while reducing costs and environmental impacts of some of the world’s fastest growing industries.

The company's breakthrough power electronics transistors can be used for a wide range of applications, from more efficient data centres and solar inverters, to thinner TVs, smaller more powerful motors, longer range EVs and a multitude of other consumer, enterprise, industrial and transportation applications.

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