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Google Ventures Leads $20 Million Investment in Transphorm

Google Ventures, the Internet-search giant’s venture-capital arm, led a $20 million investment in Transphorm Inc., a developer of power modules that make devices and equipment more energy-efficient.

Kleiner Perkins Caufield & Byers, Foundation Capital and Lux Capital also participated in the funding round, the Goleta, California-based startup said today in a statement. Transphorm previously raised an additional $18 million.

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