12 January 2017

VisIC raises $11.6m in Series C round of financing

VisIC Technologies Ltd of Nes Ziona, Israel - a fabless developer of power conversion devices based on gallium nitride (GaN) metal-insulator-semiconductor high-electron-mobility transistors (MISHEMTs) - has closed a $11.6m Series C round of financing led by new investor Birch Investment and joined by existing investors.

VisIC notes that the potential of GaN-based electronics for electrical power delivery systems - from consumer power supplies to solar inverters, UPS (uninterruptible power supplies), power supplies for cloud/data centers and electric motor drives - has been marketed and anticipated for years, especially for high-voltage and high-current-switching applications. In May, VisIC demonstrated the performance of a high-current GaN switching device. This was followed in September by the demonstration of a 1200V GaN power switch.

The new funding is "an important milestone for our company," says founder & CEO Tamara Baksht. "Having achieved the best performance metrics for any GaN devices in the market, this new capital infusion positions us to accelerate commercialization."

Tags: GaN-on-Si power transistor

Visit: www.visic-tech.com