Thursday, February 24, 2011

Time to Go Long Gallium: Google Ventures Leads $20M Round In Transphorm (GOOG)

From PEHub:
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....MORE