News Article

GaN Systems Beats Own Development Targets

The firm has hit its development milestones ahead of schedule and secured more financing to accelerate the commercialisation of its gallium nitride power transistors


GaN Systems has closed a Series B financing round with existing investors Chrysalix Energy Venture Capital and RockPort Capital, two cleantech venture capital firms.

This funding comes only six months after the closing of GaN Systems' Series A round and signals the achievement of the company's initial development milestones months ahead of schedule.

"This significant financing round is a stamp of approval from our existing investors which validates our engineering excellence," says Girvan Patterson, CEO of GaN Systems. "It enables us now to accelerate commercialisation of the gallium nitride power devices that we have developed on our breakthrough island technology platform.



GaN Systems gallium nitride power transistor

Mike Sherman, Managing Director at Chrysalix, adds, "Since the Company's Series A round, the market momentum for GaN as a credible alternative to silicon for power devices has grown significantly, with devices becoming mainstream faster than we anticipated. This means commercial reality is closer and more tangible than expected and we are delighted that GaN Systems is in a position to capitalise on that opportunity."

GaN Systems' gallium nitride transistors are targeted at the next generation of highly efficient power conversion applications, the fastest growing segment of the $14 billion-a-year power devices market. This includes high growth applications such as solar inverters, server farms, and hybrid vehicles.

Beyond the inherent advantages of GaN in efficiency, speed and temperature, GaN Systems' Cool Switching technology enables extremely compact, low cost designs. It also provides a seamless transition to foundry-independent GaN-on-silicon fabrication for flexible access to high volume production resources.

"With these advantages, GaN Systems is uniquely positioned to drive broad adoption of gallium nitride as a superior alternative to conventional silicon power devices," remarks Daniel Hullah, Partner at RockPort Capital. "Their unmatched execution against plan and achieved milestones to date confirm for us this is the company to back in the gallium nitride race."
CS International to return to Brussels – bigger and better than ever!


The leading global compound semiconductor conference and exhibition will once again bring together key players from across the value chain for two-days of strategic technical sessions, dynamic talks and unrivalled networking opportunities.


Join us face-to-face between 28th – 29th June 2022

  • View the agenda.
  • 3 for the price of 1. Register your place and gain complementary access to TWO FURTHER industry leading conferences: PIC International and SSI International.
  • Email info@csinternational.net  or call +44 (0)24 7671 8970 for more details.

*90% of exhibition space has gone - book your booth before it’s too late!

Register


×
Search the news archive

To close this popup you can press escape or click the close icon.
×
Logo
×
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
X
Live Event