Wise-integration raises €15m for GaN
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Wise-integration in France has raised €15m for its digital control of gallium nitride (GaN) and GaN ICs for power supplies.
The Series B round in Wise-integration was led by imec.xpand, the investment group of the Belgian research lab, with participation from Supernova Invest, BNP Paribas Developpement, Région Sud Investissement (RSI), Creazur, CASRA Capital and Angels for Greentech and brings the total raised to over €25m.
The funding will be used for mass production WiseGaN chips at TSMC and commercial deployment of the chips and WiseWare, its microcontroller-based control technology. It includes the five investors from the previous funding and three new investors.
Initial target markets include consumer electronics, from laptops to e-bikes, scooters and motorcycles, to industrial applications such as robotics.
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“The €15 million of new funding will accelerate the company’s international expansion, ongoing R&D programs and the introduction of new products and solutions,” said CEO Thierry Bouchet.
“This funding will enable Wise-integration to accelerate our commercial development and product development and the launch of a new generation of high-performance GaN technology, which is designed to seamlessly integrate with digital controls and boost the efficiency and performance of power systems across various sectors,” he said.
“A third roadmap focus will be to broaden our WiseWare product development, targeting high-value markets, such as industrial, telecom and automotive sectors.”
Since its spin out from CEA-Leti in Grenoble in 2020, the company has built a portfolio of more than 10 patent families. WiseGan GaN power integrated circuits are designed to maximize the benefits of GaN technology, including higher power density, efficiency and reduced heat generation. WiseWare is a 32-bit, MCU- based, AC-DC digital controller optimized for GaN-based power supply architectures to simplify system design, provide a lower bill of materials and improve power density and efficiency.
“Wise-integration’s GaN technology can play a significant role in the global shift to electrification by enhancing the efficiency and performance of power systems across various sectors,” said Cyril Vančura, partner at imec.xpand. “In the four years since its founding, this start-up has demonstrated the vision, drive, execution and technological knowhow to deliver game-changing power-electronics solutions, and we look forward to witnessing the next phase of its growth journey.”
“With this new funding, Supernova Invest reaffirms its support for Wise-integration, a CEA-Leti spin-off that we have trusted since its creation,” said Damien Bretegnier, investment director, at Supernova Invest. “We strongly believe in the huge potential of its WiseWare digital control technology and associated WiseGan components, anticipating a profound revolution in the power conversion market that propels GaN technology to replace legacy solutions even more rapidly.”
“Wise-integration is one of the finest up-and-coming companies in the hardware sector, a key sector in our beautiful region,” said Pierre Joubert, general director of RSI. “A high-potential company with a top management team, it fits in perfectly with the investment thesis of our Transition fund and its 100 percent Paris Agreement strategy. It has all the assets to become one of the strong links in the regional economic development strategy.”
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