Google, Soros Invest $25 Million in Waste Energy Technology
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Transphorm Inc. closed a $25 million round of financing from an investment fund managed by Soros Fund Management LLC and existing investors such as Google Inc. to fund its power waste reduction technology.
Quantum Strategic Partners Ltd. joined Kleiner Perkins Caufield & Byers, Google Ventures, Foundation Capital and Lux Capital in the Series D round of financing to bring the total raised by the Goleta, California-based company to $63 million since its founding in 2007, Transphorm said in a statement.