Power semi startup raises $11.8 million in second round
The company claims to have a proprietary patented technology that allows more energy efficient power conversion. By implication this could have many applications from extending battery life in electric vehicles to increasing compute density with lower cooling costs in data centers.
Applied Ventures is the venture capital arm of Applied Materials and the latest round of funding brings the amount raised by the company since its formation in 2016 to $26.8 million.
The company claims its SuperQ technology is based on nanometer-scale physics and can be used to build power components with improved energy efficiency over the current generation. The company adds that the technology can be implemented in various semiconductor materials including silicon.
“Having Applied Ventures join our existing group of seasoned semiconductor industry investors strengthens our belief that Ideal’s SuperQ technology can become an industry dominant platform,” said Mark Granahan, CEO and co-founder of Ideal Semiconductor, in a statement.
In 2004 Granahan co-founded Ciclon Semiconductor Device Corp., a power and RF semiconductor company that was acquired by Texas Instruments in 2009, reportedly for $111 million.
“Ideal’s SuperQ Technology has the potential to bring an exciting innovation to the high-voltage power industry similar to what we saw with Super Junction Technology 20 years ago. We look forward to working with the team at Ideal to further develop its technology and enable better, greener products,” said Michael Stewart, investment director at Applied Ventures, in same statement.
Ideal’s CTO and co-founder is David Jauregui who was previously with Texas Instruments for 6 years and prior to that was director of applications at Ciclon.
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