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Transphorm
Gallium nitride (GaN) transistors and modules for high-voltage power conversion applications
About Transphorm
Transphorm, founded in 2007, is a pioneering company in the field of Gallium Nitride (GaN) power conversion technology. GaN is a material that allows for more efficient and compact power systems compared to traditional silicon-based systems. Transphorm designs and manufactures high-performance GaN devices that are used in various applications, including USB-C adapters, Internet of Things (IoT) devices, and high-power systems.
The company operates in the semiconductor market, specifically focusing on power conversion solutions. Its clients range from consumer electronics manufacturers to industrial and automotive sectors, all of which require efficient and reliable power management solutions. Transphorm's products are known for their high efficiency, achieving up to 98% efficiency in some power modules, which translates to less energy loss and better performance.
Transphorm's business model revolves around the design, production, and sale of GaN-based power conversion devices. The company generates revenue by selling these devices to manufacturers who integrate them into their products. Additionally, Transphorm offers technical support and design services to help clients implement GaN technology into their systems effectively.
Recently, Transphorm has been in the news due to its acquisition by Renesas, a move that is expected to expand Renesas' power portfolio and accelerate its expertise in wide bandgap technologies like GaN. This acquisition highlights the strategic importance of GaN technology in the future of power electronics.
In summary, Transphorm is a key player in the semiconductor industry, specializing in GaN technology for power conversion. It serves a diverse range of clients, operates in a growing market, and has a robust business model centered on high-efficiency power solutions.
Source: Dealroom company dataAt a glance
- Status
- Listed
- Founded
- 2007
- Headquarters
- Goleta, United States
- Listing
- IPO 2020
- Employees
- 67
- Open positions
- None listed
- Dealroom signal
- 64.5/100
- Industry
- Energy, Semiconductors
- Sector
- Energy, Testing, Spinout, Semiconductor Designers and Manufacturers, Power Converters, GaN (Gallium Nitride), DT and LS, science-based
- Technology
- Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Jan 2024 | $339M | $339M | Renesas | ↗ |
| PRIVATE PLACEMENT VCOther financing | Apr 2023 | $2M | — | Undisclosed | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
| Year | Revenue | Growth | EBITDA | Margin |
|---|---|---|---|---|
| 2026 | $54M | 0% | −$28M | -52.4% |
| 2025 | $54M | 0% | −$28M | -52.4% |
| 2024 | $54M | 0% | −$28M | -52.4% |
| 2023 | $54M | +124.9% | −$28M | -52.4% |
| 2022 | $24M | +129% | −$9.2M | -38.3% |
| 2021 | $11M | -7.6% | −$6.2M | -59% |
| 2020 | $11M | — | −$16M | -143.5% |
Growth signals
Latest recorded traffic for Transphorm is 340 monthly website visits, down 56.4% over the last three months. Transphorm's team declined 30.9% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Series B and later8 investors entered at this stage
Lux Capital
Foundation Capital- QPQuantum Strategic Partners
Bright Capital
INCJ
KKR
Fujitsu
Yaskawa Electric
Other known investors2 additional known investors
Renesas
University of California, Santa Barbara
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Transphorm 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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