Summary
- Cambridge GaN Devices secured $32 million in Series C financing
- Investment led by unnamed strategic investor and included several existing investors
- Company develops energy-efficient power semiconductors using gallium nitride for electric vehicles and data centers
- Monolithic ICeGaN technology delivers efficiency levels exceeding 99% and enables energy savings of up to 50%
- Collaboration with IFP Energies nouvelles to develop demonstration confirming ICeGaN 650 V gallium nitride integrated circuits
Article
Cambridge GaN Devices (CGD) has secured $32 million in Series C financing to expand its operations globally. The investment was led by an unnamed strategic investor and included participation from British Patient Capital, as well as existing investors like Parkwalk, BGF, Cambridge Innovation Capital, Foresight Group, and IQ Capital. CGD specializes in developing energy-efficient power semiconductors using gallium nitride (GaN) for applications in electric vehicles and data centers. GaN-based devices are known for their faster switching speeds, lower energy consumption, and more compact designs compared to traditional silicon-based devices.
The company’s monolithic ICeGaN technology simplifies the implementation of GaN into existing and progressive designs, achieving efficiency levels exceeding 99%. This enables energy savings of up to 50% in a variety of high-power applications. CGD has collaborated with French organization IFP Energies nouvelles (IFPEN) to develop a demonstration showcasing the effectiveness of its ICeGaN 650 V gallium nitride integrated circuits (ICs) in a multi-level, 800 VDC inverter. This validation of their technology and vision to revolutionize the power electronics industry with efficient GaN solutions has positioned them for accelerated growth. The company is now focused on penetrating the automotive market and looks forward to collaborating with their strategic investor to achieve this goal.
CGD’s technology is poised to make sustainable power electronics possible by providing efficient GaN solutions for various applications. By offering power semiconductors using gallium nitride, the company aims to optimize energy consumption and improve the performance of electric vehicles and data centers. With the investment from the Series C financing round, CGD is well-positioned to expand its operations in the UK, North America, Taiwan, and Europe. This growth will allow them to further develop and commercialize their innovative GaN-based devices, driving advancements in power electronics technology.
The partnership between CGD and IFP Energies nouvelles (IFPEN) has resulted in a successful demonstration of the effectiveness of CGD’s ICeGaN 650 V gallium nitride integrated circuits. This demonstration confirms the suitability of CGD’s technology for high-power applications, showcasing energy savings of up to 50% compared to traditional silicon-based devices. The company’s focus on efficiency and sustainability has positioned them as a key player in the power electronics industry, with a clear vision to revolutionize the market with their GaN solutions. The Series C financing round further validates their technology and sets the stage for continued growth and innovation in the field.
The funding raised in the Series C financing round will enable CGD to accelerate their growth and expand their presence in key markets, particularly in the automotive sector. By collaborating with their strategic investor, the company aims to penetrate the automotive market and provide efficient GaN solutions for electric vehicles. This strategic focus on automotive applications aligns with the industry’s shift towards sustainability and energy efficiency, positioning CGD as a leader in providing innovative power semiconductors using gallium nitride technology.
Overall, CGD’s success in securing $32 million in Series C financing reflects the confidence of investors in the company’s technology and vision. With a focus on efficiency, sustainability, and innovation, CGD is well-positioned to drive advancements in power electronics technology and revolutionize the industry with their GaN solutions. The company’s collaboration with IFP Energies nouvelles (IFPEN) and strategic investor further enhances their capabilities and paves the way for future growth in the automotive market and beyond.
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