Cambridge GaN Devices has raised 拢25m in Series C funding.聽聽
CGD was spun out of the engineering department of the University of Cambridge in 2016 to exploit a revolutionary technology in power devices.聽
The company鈥檚 core business is to design, develop and commercialise power transistors and integrated circuits based on the most energy-efficient material available, Gallium Nitride.聽
These can operate at much higher switching frequency, delivering improved performance while increasing energy savings by as much as 50%.
The company is the result of decades of research in power devices and GaN reliability carried out with world leading organisations in the field, and through several partnerships and collaborations.聽
The investment was led by a strategic聽 investor and supported by existing investors Foresight Group, BGF, Cambridge Innovation Capital (CIC),聽 Parkwalk, IQ Capital and with participation from British Patient Capital.聽
The firm, founded by Dr Giorgia Longobardi and Prof. Florin Udrea, has developed a new architecture that makes its GaN chips a like-for-like replacement for silicon chip聽 devices but with greater efficiency.聽
It says its devices could potentially聽 save millions of tons of CO2 emissions in applications such as data centre power supplies.聽
“This funding round marks a pivotal moment for CGD. It validates our technology and vision to revolutionise the power electronics industry with our efficient GaN solutions and make sustainable power electronics possible,鈥� said Dr Longobardi, CEO.
鈥淲e’re now poised to accelerate our growth and make a significant impact in reducing energy consumption across multiple sectors. We look forward to collaborating with our strategic investor to penetrate the聽 automotive market.”
Rubina Singh, senior investment manager at Foresight Group, added: 鈥淲e are delighted to continue backing聽 the ambitious CGD team in bringing groundbreaking GaN technologies to market.聽
鈥淎s we strive towards a low carbon future, CGD鈥檚 products can deliver higher performance while enabling up to 50% energy savings聽 across multiple growing sectors such as automotive, renewable energy and data centres. We look forwarding聽 to seeing the impact that CGD can make in enabling greener power electronics.鈥�