Cambridge Gan device (CGD), Galliam Nitride (GAN), an inventor of power devices, has successfully stopped funding a .5 30.5 million Series C with success in expanding the global and providing its products to high-power industry, data centers and automotive markets.
This investment was led by British patients to participate from Capital and the existing investor was operated by Parkwalk, BGF, Cambridge Innovation Capital (CIC), foresight group and IQ Capital.
Dr. Georgia LongbardiCEO and founder of CGD, say: “This fund identifies an important moment for the Round CGD. It validates our technology and vision to revolutionize the power electronics industry with our skilled GAN solutions and make sustainable energy electronics possible. We are now ready to accelerate our growth and have an important impact on the reduction of energy consumption across multiple sectors. We are looking forward to cooperating with our strategic investors to enter the automotive market.
CGD is a semiconductor organization sprinkled by Professor Florin Woodria from Cambridge University and Dr. Georgia Longberti in 20 2016 to use a technology on a power device. Their goal is to shape the future of power electronics by providing the most skilled and reliable transistors.
CGD GAN designs, develops and commercializations by transistors and ICS and enables the ICS to change a step in energy efficiency and compactness and is suitable for high-volume production.
According to the CGD, galliam nitride-based devices presents an progress on power electronics, which provides more compact designs than switching speed, low energy consumption, and traditional tedious silicone-based solutions.
CGD-owned Monolithic Icegan ® Technology, which exists and facilitates the implementation of progressive design, provides 59% skill levels in the report, enable electricity to save up to 50% of high-energy consumption including electric vehicles and data centers.
These innovations have the possibility of conservation of CO2 emissions annually, accelerating global transformation in more sustainable energy systemsThe
Henrik DabroskiSale SVP to CGD, added: “I am shocked to see this fund supplied to the customer deals that have already been closed for the latest generation P2 products of CGD. This investment will significantly enhance our skills to meet the growing demand for our reliable and easily used gan solution. “
According to the statistics given to EU-Startups, the Global GN Power Device Market is expected to grow in a significant CAGR of 5%, which has reached $ 1.5 billion by 2021.
At the same time, the Icegan® is seen as an effective alternative to existing solutions using Silicon Carbide (SIC), combining high strength-skills, miniatureization and exclusively integrated smart functionality.
It will enable Cambridge Gain devices to get access to a high power market by estimating that it is over $ 9.5 billion by 2029.
JoyParkwalk advisers chief investment officer said: “CGD is at the top of the technology that can reduce the strength of the gumot industry such as artificial intelligence and electric mobility. It has a lot of global prospects and broad applications that will see CGD innovation and growth. We have been proud of CGD since 2019 and are delighted to work with the Association of an exceptional team and other investors to accelerate its global expansion. “
George MillsDirector-Diptech, Direct and Co-investment, the capital of the British patient, says: “After several years of research, Cambridge GN devices have proved the impact of their semiconductor technology. Their GN devices take less energy than their silicone-based parts, which both reduce costs and have a positive effect on environmental effects. It is a valuable technology that requires long -term capital to scale now ”
This fund will enable the company to expand its activities in Cambridge, North America, Taiwan and Europe, and will enhance CGD’s growth strategy by focusing on the continuous supply of high-power industries, data centers and automobiles in the automobile market.
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