GaN Systems Closed a Series B Financing

Gan Systems Inc., a developer of gallium nitride power switching semiconductors used in solar inverters, server farms, and hybrid vehicles, closed a Series B financing round on 6/19/12 with existing investors Chrysalix Energy Venture Capital and Rockport Capital, two cleantech venture capital firms.  This funding comes six months after the closing of GaN Systems’ Series A round.  The company aims to capitalize on the $14 billion-a-year power devices market.

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