Transphorm, An Energy Efficiency Groundbreaker Backed By Google, Raises $35M From Japan Powerhouses

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http://techcrunch.com – Transphorm, a company that has developed a power conversion technology to drive energy efficiency, emerging from stealth early last year, has today announced a Series E raise of $35 million led by a particularly strategic pair of investors. The round is led by the Innovation Network Corporation of Japan (INCJ) — a government/manufacturing partnership with a procurement budget of up to $25 billion annually — and Nihon Inter Electronics Company (NIEC), which will help Transphorm manufacture its power devices. Existing venture investors Kleiner Perkins Caufield & Byers, Foundation (IT news)