News – PH – Company Reshaping the Future of Power Electronics Raises £ 6-8m – BusinessCloud

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CGD was spun off from Cambridge University’s engineering department in 2016 to bring revolutionary technology to power devices

The company’s core business is to design, develop and commercialize power transistors and integrated circuits based on the most energy efficient material available, gallium nitride

GaN power devices perform significantly better than state-of-the-art silicon-based devices, which allows a significant reduction in the size and weight of power converters while claiming to achieve energy efficiencies of more than 99%

CGD is developing a range of GaN transistors that are customized for key applications in market segments such as switching power supplies for consumer and industrial use, lighting, data centers, and HEV / EV for automotive applications

The company is the result of decades of research into power supplies and GaN reliability conducted with world leaders in the field and through multiple partnerships and collaborations. CGD is currently leading a $ 10M project funded by Europe USD with 13 industrial and academic partners across Europe, GaNext, developing GaN-based modules for low and high power applications

The investment was jointly led by IQ Capital, Parkwalk Advisors and BGF and includes investments from Foresight Williams, Cambridge Enterprise, Martlet Capital, Cambridge Angels and the Cambridge Capital Group

The funds will be used by CGD to expand the product portfolio of energy efficient power supply devices and to double the size of the team

Giorgia Longobardi, CEO and Founder of CGD, commented: “This latest round of investments is a great recognition of our success to date New and existing investors confirm the strength of our technology

“CGD has grown significantly since 2016 and we are excited to bring multiple products to market after decades of industry-leading research into power device reliability

“With this investment we can add additional experts to our experienced team and expand our markets around the world in order to create more sustainable electronics worldwide”

Eric Stodel, CEO of Neways, a leading EMS system innovator and lifecycle partner in the GaNext project, commented: “Our close collaboration with CGD has been an incredibly rewarding win-win experience

“This enables us to develop an extremely compact solar inverter based on GaN technology. The team’s enthusiasm is inspiring and contagious, and the shared expertise in our companies has contributed to making our joint project a great success with much more Future potential became ”

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Source: https://businesscloud.co.uk/firm-reshaping-future-of-power-electronics-raises-6-8m/