What is Exagan?
Founded in 2014, Exagan is at the forefront of the power-electronics revolution, specializing in GaN-on-silicon technology. This advanced material enables the creation of smaller, more efficient electrical converters compared to conventional silicon-based solutions. Exagan's proprietary G-FET and G-DRIVE power switches are engineered for compatibility with standard 200-mm wafer fabrication facilities, ensuring a robust supply chain and high-reliability products. The company's strategic partnerships with entities like X-FAB Silicon Foundries and CEA-Leti are crucial for its 200-mm GaN technology development and manufacturing capabilities, positioning Exagan as a key player in enabling next-generation electronics for solar, industrial, automotive, and IT sectors.
How much funding has Exagan raised?
Exagan has raised a total of $6.5M across 1 funding round:
Unspecified
$6.5M
Unspecified (2015): $6.5M with participation from Soitec, IRDI Capital Investissement, CM-CIC Innovation, CEA Investissement, and Innovacom
Key Investors in Exagan
Soitec
Soitec, a global leader in semiconductor materials, provides foundational technology for advanced electronics. Their investment in Exagan highlights a strategic interest in the GaN-on-silicon ecosystem and its potential to transform power electronics.
Innovacom
Innovacom, a seasoned venture capital firm with a strong track record in deeptech and digital startups, has backed Exagan, indicating confidence in the company's innovative GaN technology and its market disruption potential.
CM-CIC Innovation
CM-CIC Innovation, the investment arm of Crédit Mutuel Alliance Fédérale, supports businesses across various equity financing needs. Their participation in Exagan's funding round suggests a belief in the company's growth trajectory and technological advancements in the semiconductor sector.
What's next for Exagan?
With the recent strategic investment, Exagan is poised to accelerate its market penetration and further solidify its position in the GaN power-switching landscape. The company's focus on leveraging standard manufacturing processes for its high-performance GaN devices suggests a clear strategy for scalability and cost-effectiveness. This capital infusion will likely fuel further research and development, expand manufacturing capacity, and strengthen its go-to-market initiatives, driving the broader adoption of GaN technology across critical industries seeking higher power efficiency and reduced form factors.
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