VisIC raises over $11 million for GaN commercialisation
VisIC Technologies, an Israel-based start-up focused on high voltage GaN power semiconductors, has closed $11.6 million in a Series C financing led by a new investor Birch Investment with participation of existing investors.
The potential of GaN-based electronics for electrical power delivery systems, from consumer power supplies to solar inverters, UPS, power supplies for cloud/datacentres and electric motor drives, has been marketed and anticipated for years, especially for high voltage and high current switching applications.
"We are very excited by the level of support provided by VisIC's new and existing investors, who share our vision for the extraordinary potential of VisIC's GaN based products. It is an important milestone for our company. Having achieved the best performance metrics for any GaN devices in the market, this new capital infusion positions us to accelerate commercialisation and dominate the market segment," said Tamara Baksht, VisIC Technologies' founder and CEO.
