VisIC Raises $10 Million
New funding will allow the company to address more market segments and grow the technical support team
VisIC Technologies, an innovator of efficient power electronics based on GaN semiconductors, has closed $10 million in a Series D round of financing lead by a private investor.
"We are very excited by the level of enthusiasm of VisIC's investor, who believes in the enormous potential of VisIC's GaN products. With the new funding, we can expand our portfolio further to address more market segments. Furthermore, we will increase our technical support team to assist our growing worldwide customer base," said Tamara Baksht, VisIC Technologies' founder and CEO.
VisIC's technology offering in combination with ongoing R&D designs by large players in the power electronics industry, made it possible to close this round of funding on favourable terms."GaN technology opens a new space in power electronics - from shifting the performance envelope up to the point of new topologies development. We are delighted to see VisIC offering specifically rugged GaN devices with negligible fast transient dynamic RDSon," said Ivan Feno, Principal Power Design Engineer from Bel Power Solutions. "The insulated thermal pad is another welcome feature enabling the increase of the power stage reliability and density. Ultimately, 1200V rated GaN devices might be an attractive alternative in the 1200V segment dominated by SiC technology today."