GaN Systems Inc of Ottawa, Ontario, Canada \u2013 a fabless developer of gallium nitride (GaN)-based power switching semiconductors for power conversion and control applications \u2013 says that power systems firm Delta has joined BMW i Ventures in participating in a strategic investment.<\/p>\n
GaN Systems plans to use the funding to expand global sales and accelerate product innovation. The latest announcement follows previous investments from backers including BMW i Ventures, BDC Capital, Chrysalix Venture Capital, Cycle Capital Management, RockPort Capital and Tsing Capital.<\/p>\n
\u201cThis investment reaffirms GaN Systems\u2019 continued accomplishment in creating the future of the most energy-efficient power electronics,\u201d comments BMW i Ventures\u2019 managing director Uwe Higgen. \u201cGaN Systems\u2019 is pioneering a new approach to the design and creation of power systems that are smaller and lighter, while simultaneously providing more efficient and reliable power conversion,\u201d he adds.<\/p>\n
\u201cIt\u2019s a huge vote of confidence, both in GaN as a technology and GaN Systems\u2019 approach to GaN transistors, to have investment partners such as Delta and BMW i Ventures,\u201d says GaN Systems\u2019 CEO Jim Witham.<\/p>\n
GaN Systems says that this year it has is experienced a rapid increase in customer growth and increasingly strong demand for GaN transistors, especially in notebook travel adapters, computer server and industrial motor power applications.<\/p>\n