Cambridge GaN Devices raises $19m

Six year-old Cambridge GaN Devices has raised $19 million in a Series B funding round. led by Parkwalk Advisors and BGF, with participation from IQ Capital, CIC, Foresight Williams Technology and Martlet Capital.

“GaN provides the optimum conversion solution, reducing power losses by more than 50% and increasing energy conversion efficiency to above 99%,” says CGD CEO Georgia Longobardi.

CGD is currently leading a $10m European-funded project developing GaN-based modules for low and high-power applications (GaNext); is participating in a UK supply chain initiative for PCB-embedded power systems with GaN devices (P3EP) and recently launched a project to develop GaN power transistors and ICs to cut data centre emissions (ICeData).

The company now employs over 40 staff worldwide, with more planned.

“Imec.IC-link helps companies, academia, and emerging start-ups to bring their chip-based innovations to production by providing complete ASIC solutions, including design, access to advanced ASIC foundry technologies, assembly and test and qualification services. As a Value Chain Aggregator of TSMC, we supported Cambridge GaN Devices as the first GaN customer in Europe,” says Imec’s Arnaud Garnier,


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