Transphorm, Inc., a Goleta, CA-based company that develops compact power conversion technology, has raised $35m in Series E financing.
The round was led by Innovation Network Corporation of Japan (INCJ) and Nihon Inter Electronics Company (NIEC), with participation from existing investors Kleiner Perkins Caufield & Byers, Foundation Capital, Google Ventures, Quantum Strategic Partners (a private investment fund managed by Soros Fund Management), Lux Capital, and Bright Capital.
In addition to its investment, Nihon Inter Electronics entered into a business alliance with Transphorm, with the aim of enabling the mass production and supply of the company’s GaN (Gallium nitride) power devices.
Led by Umesh Mishra, CEO, and Primit Parikh, President, Transphorm provides power conversion devices and modules that are designed to reduce energy loss and simplify the design and manufacturing of motor drives, power supplies and inverters for solar panels and electric vehicles.
FinSMEs
01/10/2012