Stop us if you've heard this one before. A mysterious startup company operates in secret for a number of years, raises millions in funding from some of the biggest players in the industry (in this case, Google and Kleiner Perkins Caufield & Byers), and announces a breakthrough technology that promises to change everything. In this case the startup is a company called Transphorm, and the breakthrough is a gallium nitride technology that promises to improve AC/DC transformers. While that might not sound like the most exciting thing in the world, the company's CEO says that it could not only drastically reduce the electricity wasted by electronics that currently rely on silicon components, but significantly reduce the size of the components as well. One prime example there is laptop charger bricks, which Transphorm says could be reduced or even completely eliminated by building the necessary components right into the laptop itself. The company also sees a huge opportunity with electric cars, and especially data centers, which is one of the first markets it will be targeting. Of course, complete details are still fairly light at the moment, but the company is promising to unveil its first products in just two weeks, and you can be sure we'll be watching.