CGD was spun out of the power device group at the Engineering Department of the University of Cambridge in 2016 to exploit a revolutionary technology in power devices, a market that’s said to be worth in excess of $30 billion.
The company’s core business is to design, develop and commercialise power transistors and integrated circuits based on the most energy-efficient material available, Gallium Nitride (GaN).
GaN power devices are significantly higher performing than state-of-the-art silicon-based devices, and CGD is developing a range of GaN transistors that are customised for key applications in market segments such as consumer and industrial Switch Mode Power Supply (SMPS), lighting, data centres and automotive HEV/EV.
The higher efficiency of CGD devices combined with the unique ease-of-use introduced by the Company’s proprietary IP will allow CGD GaN to easily replace silicon in those key applications, while enabling more compact power systems and better use of energy resources.
Giorgia Longobardi, CEO and founder of CGD, commented, “This latest round of investment is a great recognition of our success to date, with new and existing investors confirming the strength of our technology. Since 2016, CGD has grown significantly and we are thrilled to be in a position to deliver several products to market, following decades of industry-leading research in reliability of power devices. This investment will allow us to supplement our experienced team with additional experts and expand our markets globally, creating more sustainable electronics worldwide.”
