Wise-integration, a French pioneer in digital control of gallium nitride (GaN) and GaN ICs for power supplies, today announced that the investment fund, Applied Ventures-ITIC Innovation Fund (AVITIC), joined the company’s Series B funding round.
AVITIC is a joint venture fund of Applied Ventures, LLC, the corporate venture arm of Applied Materials, Inc., and ITIC-Taiwan, (Industrial Technology Investment Corporation). Wise-integration announced its Series B funding round of €15 million in February, led by IMEC.XPAND, accompanied notably by Supernova Invest, the lead of the previous round. The amount of the additional funding was not disclosed.
The Series B round will fuel mass production and commercial deployment of Wise-integration’s flagship products, WiseGan® and WiseWare, its disruptive digital-control technology, and support for its clients globally. The four-year-old company also will increase its focus on high-value markets, such as the industrial, telecom and automotive sectors.
“We are pleased to have AVITIC join us as a strategic investor. Their support demonstrates the strong potential of our technology and vision. It elevates our global standing and sharpens our ability to harness GaN technology with cutting-edge digital control,” said Wise-integration CEO Thierry Bouchet.
In addition to ramping up production of its flagship products, Wise-integration plans to use the Series B funding, to accelerate development of a new generation of high-performance GaN technology designed to seamlessly integrate with digital controls and boost the efficiency and performance of power systems across various sectors.
Michel Chu, President of ITIC, said, “We are excited to support the Wise-Integration team with their unique approach to power-electronics solutions. With their WiseWare digital control and WiseGaN®, it could further unleash the potential of GaN and boost the efficiency of power electronics.”
Anand Kamannavar, Vice President and Global Head of Applied Ventures, said, “Enabling next-generation power electronics is an important pillar of sustainability. We look forward to supporting Wise-integration in developing their differentiated GaN technologies.”