23 Jun '11, 1pm

Transphorm Closes $25M Round D from Soros, Kleiner, Google, Foundation, Lux: Transphorm of Goleta, California,...

Transphorm Closes $25M Round D from Soros, Kleiner, Google, Foundation, Lux: Transphorm of Goleta, California,...

Transphorm of Goleta, California, claiming to "redefine energy efficiency" by "eliminating terawatts of power waste from the electrical grid", has completed a $25 million Round D from Quantum Strategic Partners, a private investment fund managed by Soros Fund Management, as well as previous venture investors Kleiner Perkins Caufield & Byers, Google Ventures, Foundation Capital and Lux Capital. Behind that breathless language lies a startup building an energy efficient Galiium Nitride GaN power conversion module. Pretty salty language for a power converter. This brings Transphorm’s total capital raised from all rounds to $63 million. Transphorm will use the funding to "continue solving the multi-billion dollar power waste problem, which occurs whenever electricity from the grid is converted into usable electric power." as well as fighting for truth, justice and the American...

Full article: http://www.greentechmedia.com/articles/read/Transphorm-cl...

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