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Cambridge GaN Devices

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Created to explore and develop a number of unique opportunities in power electronics

Cambridge, United KingdomFounded 2016Semiconductors
Valuation $100–250M Last recorded · 2025
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Cambridge GaN Devices and the history behind them.

About Cambridge GaN Devices

Cambridge GaN Devices (CGD) operates as a fabless semiconductor company, a business model where it designs and develops its proprietary technology while outsourcing the manufacturing process. This approach allows the company to focus its resources on research and development. Spun out from the University of Cambridge in 2016, the company was co-founded by CEO Dr. Giorgia Longobardi and CTO Professor Florin Udrea. The foundation of CGD is rooted in decades of research in power devices and Gallium Nitride (GaN) reliability conducted at the university. Dr. Longobardi's work has been centered on GaN technologies for efficient power management, and she completed her PhD in collaboration with NXP Semiconductors. Professor Udrea is a seasoned academic and entrepreneur in semiconductor engineering, having founded several successful spin-outs, including Cambridge Semiconductor (Camsemi) and Cambridge CMOS Sensors. The company secured initial seed funding in 2019, followed by a $9.5 million Series A in 2021, and a $32 million Series C in February 2025, bringing total funding to $60 million.

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CGD designs and commercializes energy-efficient GaN-based power devices aimed at making electronics more sustainable. The company's business model is centered on selling these advanced semiconductor components to a range of clients in high-growth markets. Its target markets include consumer electronics, data center power supplies, industrial systems, and automotive applications, including electric vehicle (EV) traction inverters and on-board chargers. By providing more efficient power conversion, CGD's products help reduce energy consumption and CO2 emissions. Revenue is generated from the sale of its GaN transistors and integrated circuits to these various sectors.

The company's core product is the ICeGaN™ technology, a proprietary enhancement-mode (eMode) GaN transistor. A key feature of ICeGaN™ is its ability to be operated like a conventional Silicon MOSFET, utilizing standard gate drivers without requiring special circuitry or negative voltages for shutdown. This “ease-of-use” simplifies the integration process for engineers and reduces the need for additional external components. The technology integrates logic and protection circuits directly onto the GaN chip, creating a single-chip solution that enhances reliability and robustness. CGD has launched its H1 and H2 series of ICeGaN™ transistors, which offer significant improvements in energy efficiency, capable of reducing power losses by up to 50% compared to traditional silicon devices. The H2 series further introduces an innovative on-chip circuit that minimizes power loss during light-load and no-load conditions. For the high-power EV market, CGD is developing 'Combo ICeGaN', which combines its GaN HEMTs with traditional IGBTs in a single module to offer a cost-effective and efficient alternative to silicon carbide (SiC) solutions. Keywords: Gallium Nitride, GaN transistors, power electronics, fabless semiconductor, energy efficiency, power devices, ICeGaN, eMode GaN, power conversion, data centers, electric vehicles, consumer electronics, industrial power, automotive semiconductors, switched-mode power supplies, high-voltage microelectronics, GaN-on-Silicon, power management ICs, green electronics, sustainable technology, semiconductor design, power semiconductors, transistor technology, MOSFET replacement, EV inverters, on-board chargers, server power supplies

Source: Dealroom company data

At a glance

Status
Operational
Founded
2016
Headquarters
Cambridge, United Kingdom
Employees
63
Open positions
10
Dealroom signal
70.7/100
Sector
Semiconductors, Fabless, Chips, Spinout, Semiconductor Designers and Manufacturers, Chips and Processors, GaN Chips, GaN (Gallium Nitride), Hard Tech, Woman Founder
Technology
Hardware, Deep Tech, IoT InternetOfThings
Business model
Manufacturing
Client focus
b2b

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Feb 2025 $32M $128M Cambridge Innovation Capital · Business Growth Fund · IQ Capital · Foresight Group ↗
SERIES BOther financing Nov 2022 $19M $76M Business Growth Fund · Foresight Williams · IQ Capital · Martlet ↗
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Growth signals

Cambridge GaN Devices website traffic

Latest recorded traffic for Cambridge GaN Devices is 4.3K monthly website visits, up 16.2% over the last three months. Cambridge GaN Devices's team declined 6% over the past year.

Latest monthly visits4.3K 3-month web change+16.2% 1-year team growth-6%
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Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

12 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A9 investors entered at this stage

  • IQ Capital
  • Business Growth Fund
  • Cambridge Enterprise
  • Parkwalk Advisors
  • Foresight Williams
  • Cambridge Angels
  • Cambridge Capital Group
  • Martlet
  • Cambridge Innovation Capital

Series B and later2 investors entered at this stage

  • British Patient Capital
  • Foresight Group

Other known investors1 additional known investor

  • University of Cambridge
Team profiled 11 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
6 countries with
team presence
🇬🇧 United Kingdom77.2%
🇹🇼 Taiwan12.3%
🇨🇦 Canada3.5%
🇩🇪 Germany3.5%
🇪🇸 Spain1.8%
Top 5 of 6 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Cambridge GaN Devices on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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