Velox Semiconductor

http://www.veloxsemi.com/

VELOX Semiconductor is a spin off from EMCORE Corporation. VELOX excels in high-volume, cost-effective manufacturing of Gallium Nitride (GaN) transistors and diodes. VELOX’s GaN based technology allows significant improvements in the cost, size and efficiency of power supplies potentially resulting in increased portability.

EMCORE has experience successfully spinning off GaN technology. In 1999, Emcore spun off its GaN LED technology for solid state lighting to form GELcore, a Joint Venture with General Electric Lighting. Today GELcore is a leading manufacturer of solid state lighting products and is a profitable $80 Million company. VELOX intends to repeat GELcore’s success in the power market.

Financials

Date Type Amount Investors Valuation
10/01/07 Series C 2M Advanced Technology Program Unknown

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