Nitronex, a start-up based in Raleigh, North Carolina raised $6 million in new funding for its development of gallium nitride (GaN) based radio frequency (RF) power transistors. The company claims its GaN on silicon technology provides significant performance and cost advantages for a number of important markets, including next generation wireless and LED applications, military communications, and automotive electronics. Nitronex expects to introduce new power transistor products for power amplifier and base station equipment manufacturers later this year.
Investors include Alliance Technology Ventures, TPG Ventures, and VantagePoint Venture Partners. Nitronex has raised $50 million to date.
Nitronex also named Charles E. Shalvoy as its Executive Chairman and acting CEO. Shalvoy was most recently President and CEO of Conductus Inc., a manufacturer of superconducting products for wireless networks. Prior to Conductus, he was President and COO of Therma-Wave. http://www.nitronex.com
