Google Ventures Leads $20M Round In Transphorm
Transphorm Inc. emerged from stealth on Wednesday with a $20 million Series C round led by Google Ventures.
The round was joined by existing investors Kleiner Perkins Caufield & Byers, Foundation Capital and Lux Capital, bringing the company’s funding to $38 million.
Transphorm hopes to transform energy conservation by recouping the 10% of all electricity lost when power is converted from one form to another. The Goleta, Calif., company does this with the use of gallium nitride components, which switch power at higher frequencies and therefore more efficiently.
Transphorm boasts that its power conversion modules will reduce 90% of the losses.
The formerly stealth company plans to demonstrate its products at the Applied Power Electronics Conference in Texas in March. Products are expected to roll out by the end of the year.
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