Enphase is the world's leading provider of microinverters, with over 13 million installed in more than 540,000 systems around the world. According to Greentech Media, Enphase makes up over 80 percent of the global microinverter market, a market they predict will double in size (by MWac) from 2016 to 2018. Further, in the most current market share data available from Greentech Media, Enphase gained 5.4 percent share in the U.S. residential solar market from the first quarter to the third quarter of 2016. Earlier this month, Enphase announced a $10 million strategic investment in the company by T.J. Rodgers, founder and former CEO of Cypress Semiconductor, and John Doerr, chairman of Kleiner Perkins Caufield & Byers.