Cambridge GaN Devices, a Cambridge, UK-based semiconductor company, raised $19M in Series B funding.
The round was led by Parkwalk Advisors and BGF, with participation from IQ Capital, CIC, Foresight Williams Technology and Martlet Capital.
The company intends to use the funds to begin mass production of its range of GaN transistors for power applications.
Founded by Prof. Florin Udrea and Dr, Giorgia Longobardi (CEO), Cambridge GaN Devices (CGD) is a semiconductor company, which designs, develops and commercialises GaN transistors and ICs enabling a change in energy efficiency and compactness and is suitable for high-volume production.
The company was was spun out of the renowned power device group at the Engineering Department of the University of Cambridge in 2016.