VisIC Technologies, a Ness Ziona, Israel-based world leader in GaN electronics for xEV applications, focused on high-power automotive solutions, raised $35M in funding.
The round was led by GoldenSand Capital and HG Semiconductors through Fast Semi Corporation. SuZhou industrial partner joined the round as a co-investor with an additional $10M. Sonny Wu, representing Fast Semi Corporation, will join the Board of Directors of VisIC Technologies.
The company intends to use the funds to expand operations and its business reach.
Led by Dr. Tamara Baksht, CEO and co-founder, VisIC Technologies is a world leader in GaN electronics for xEV applications, focused on high-power automotive solutions. The company offers high power transistor products based upon compound semiconductor Gallium Nitride (GaN) material aiming to provide products for high-performance automotive inverter systems.