News

19 June 2006

 

Nitronex raises $21.8m in VC funding for expansion

GaN-on-silicon device maker Nitronex of Raleigh, NC, USA has closed a $21.8m venture capital funding round led by Silicon Valley-based Alloy Ventures. Other new investors Intersouth Partners, ARCH Venture Partners, and Diamondhead Ventures were joined by returning investors
VantagePoint Venture Partners and Contender Capital.

Nitronex, founded in 1999, recently introduced the first GaN-based power transistor products grown on silicon for the commercial and broadband wireless markets - a family of RF power transistors for the WiMAX market. 

Nitronex says that its SIGANTIC GaN-on-silicon platform technology combines the high power, high frequency, high operating voltage and broad bandwidth performance of GaN with the scalability of silicon.

Nitronex says it will use the funds to complete the development and expand manufacturing of several new products; accelerate hiring in operations, engineering, sales and marketing and finance; expand into new global markets; and take advantage of emerging opportunities in
cellular and WiMax, broadband markets.

“We believe that our GaN-on-silicon based products offer significant advantages over existing LDMOS and GaAs solutions for the WiMax, cellular, and broadband wireless markets,” says CEO Charles Shalvoy. “We plan to accelerate our efforts to introduce a broad family of
innovative RF power transistor products for these markets,” continued Shalvoy.

Visit: http://www.nitronex.com