Applied Ventures and ITIC Taiwan Joins Series B Funding For Wise-integration’s ‘Disruptive’ Technology
AVITIC, a Joint Venture Fund of Applied Ventures, LLC and ITIC-Taiwan,
Invests on Top of €15 Million Raised Earlier This Year
Hyeres, France – September 5th, 2024 – Wise-integration, a French pioneer in digital control of gallium nitride (GaN) and GaN ICs for power supplies, today announced that the investment fund, Applied Ventures-ITIC Innovation Fund (AVITIC), joined the company’s Series B funding round.
AVITIC is a joint venture fund of Applied Ventures, LLC, the corporate venture arm of Applied Materials, Inc., and ITIC-Taiwan, (Industrial Technology Investment Corporation). Wise-integration announced its Series B funding round of €15 million in February, led by IMEC.XPAND, accompanied notably by Supernova Invest, the lead of the previous round. The amount of the additional funding was not disclosed.
The Series B round will fuel mass production and commercial deployment of Wise-integration’s flagship products, WiseGan® and WiseWare®, its disruptive digital-control technology, and support for its clients globally. The four-year-old company also will increase its focus on high-value markets, such as the industrial, telecom and automotive sectors.
“We are pleased to have AVITIC join us as a strategic investor. Their support demonstrates the strong potential of our technology and vision. It elevates our global standing and sharpens our ability to harness GaN technology with cutting-edge digital control,” said Wise-integration CEO Thierry Bouchet.
In addition to ramping up production of its flagship products, Wise-integration plans to use the Series B funding, to accelerate development of a new generation of high-performance GaN technology designed to seamlessly integrate with digital controls and boost the efficiency and performance of power systems across various sectors.
Michel Chu, President of ITIC, said, “We are excited to support the Wise-Integration team with their unique approach to power-electronics solutions. With their WiseWare® digital control and WiseGaN®, it could further unleash the potential of GaN and boost the efficiency of power electronics.”
Anand Kamannavar, Vice President and Global Head of Applied Ventures, said, “Enabling next-generation power electronics is an important pillar of sustainability. We look forward to supporting Wise-integration in developing their differentiated GaN technologies.”
About Wise-integration
Wise-integration is a French fabless company founded in 2020, specializing in the advancement of power electronics through innovative GaN technology and digital control solutions. Leveraging its expertise, Wise-integration introduces a compelling synergy between its GaN device (WiseGan®) and a 32-bit, MCU-based, AC-DC digital controller (WiseWare®). This powerful combination enables the development of technologies facilitating chargers that are up to 3x smaller, 3x more efficient and 3x lighter, catering to power requirements from 30W to 7kW. Targeting a broad spectrum of markets, including consumer electronics, e-mobility, industrial applications, data centers and automotive sectors, Wise-integration is at the forefront of transforming power delivery with its cutting-edge components and digital control technologies.
For more information, visit www.wise-integration.com
About Applied Ventures
Applied Ventures, LLC, the venture capital arm of Applied Materials, invests globally in technology companies across the Materials to Systems™ stack that have the potential to deliver high growth and exceptional returns. Its investments help develop technologies and markets that provide natural extensions to Applied Materials’ core business and stimulate the growth of applications for semiconductors, displays and related products and services. Learn more at www.appliedventures.com or follow us on X @Applied_VC
About ITIC
ITIC Taiwan is the venture capital arm of the renowned R&D consortium – the Industrial Technology Research Institute (ITRI) in Taiwan. Since its creation in 1979, ITIC has invested over $400 million across virtually all stages, sectors and time zones. Companies we have nurtured have gone on to define entire industries and boast a combined market cap of well over $200 billion.
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