The $9.5m investment in Cambridge GaN Devices (CGD) was co-led by IQ Capital, Parkwalk Advisors and BGF, and includes investment from Foresight Williams, Cambridge Enterprise, Martlet Capital, Cambridge Angels and Cambridge Capital Group.
The funding will be used to double the size of the team at CGD to expand its product portfolio.
“Since 2016, CGD has grown significantly and we are thrilled to be in a position to deliver several products to market, following decades of industry-leading research in reliability of power devices. This investment will allow us to supplement our experienced team with additional experts and expand our markets globally, creating more sustainable electronics worldwide,” said Giorgia Longobardi, CEO and founder of CGD, who led the spin out from the power device group at the Engineering Department of the University of Cambridge.
CGD is developing a range of GaN transistors that are customised for key applications in market segments such as consumer and industrial Switch Mode Power Supply (SMPS), lighting, data centres and automotive HEV/EV.
The higher efficiency of GaN devices combined with the ease-of-use of CGD’s IP allows GaN to easily replace silicon in those key applications, while enabling more compact power systems and better use of energy resources.
The company is currently leading the $10m GaNext project with 13 industrial and academic partners developing GaN-based modules for low and high-power applications.
“Our close collaboration with CGD has been an incredibly rewarding win-win experience. It enables us to develop an extremely compact solar inverter based on the GaN technology,” said Eric Stodel, CEO at Neways, a manufacturing company in the GaNext project. “The team’s enthusiasm is inspiring and contagious, and the shared expertise within our companies has been instrumental in making our combined project a great success with much more future potential.”
CGD has so far successfully secured four projects funded by iUK, BEIS and EU (Penta).
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