GaN Systems Inc., a developer of gallium nitride power switching semiconductors, closed a $20-million Series C financing round. Cycle Capital Management led the round and was joined by BDC Capital and Beijing-based Tsing Capital, as well as existing investors Chrysalix Energy Venture Capital and RockPort Capital.
GaN Systems said the financing will enable it to ramp up sales and marketing support for its rapidly growing international customer base and to continue manufacturing line expansion.
The core GaN Systems IP is “Island Technology”. It has the dual advantage of a reduction in the size and cost of gallium nitride devices, while transferring substantial current from the on-chip metal to a separate carrier. GaN Systems’ goal is the easy adoption of gallium nitride by designers and systems engineers.
GaN Systems’ 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.
GaN Systems’ breakthrough power electronics transistors can be used for a wide range of applications, from more efficient data centers and solar inverters, to thinner TVs, smaller more powerful motors, longer range electric vehicles (EVs), and a multitude of other consumer, enterprise, industrial and transportation applications.