Ideal Semiconductor startup announces investment from Applied Ventures
Ideal Semiconductor, a startup company that has successfully demonstrated a fundamentally new technology for energy conversion in electronic systems, announced it has received funding from Applied Ventures, LLC, the venture capital arm of Applied Materials.
Ideal's innovative technology is based upon a novel scientific development in nanoscale physics. Ideal's SuperQ technology can be used to build next-generation power components with dramatic gains in energy efficiency, delivering a generational leap forward in performance and cost. This energy conversion technology can be used in practically all commercial electronics: it extends battery life in electric vehicles and battery-powered devices; it enables increased compute density with lower cooling costs in the data centers that are the heart of the modern internet and cloud computing; and it makes possible more complete capture of usable energy in renewable energy generation.
The technology can be implemented in various semiconductor materials including standard silicon, where it provides a giant leap in energy efficiency while maintaining lower cost and higher reliability than existing solutions.
Mark Granahan, CEO and Co-founder, Ideal Semiconductor: "We are thrilled with the funding from Applied Ventures and the world-class scientific and engineering expertise they can provide our company. Having Applied Ventures join our existing group of seasoned semiconductor industry investors strengthens our belief that Ideal's SuperQ technology can become an industry dominant platform."
Michael Stewart, Investment Director, Applied Ventures:"The power industry witnesses a revolution in performance every couple of decades. Ideal's SuperQ Technology has the potential to bring an exciting innovation to the high-voltage power industry similar to what we saw with Super Junction Technology 20 years ago. We look forward to working with the team at Ideal to further develop its technology and enable better, greener products."
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