Four-year-old start-up Transphorm is tackling a problem as old as the electricity distribution grid: the energy lost in converting between AC and DC.
The Goleta, Calif.-based company today disclosed its product plans and said that it has raised a $20 million round of funding led by Google Ventures. Other investors include Kleiner, Perkins, Caufield & Byers, Foundation Capital, and Lux Capital. It has raised $38 million in three rounds of venture funding and received a Department of Energy ARPA-E grant last July for about $2.95 million.
Transphorm has designed electronics to more efficiently convert between the alternating current--the … Read more