Tuesday, June 9, 2009

Semprius Raises $6.4 Million Series B Round of Financing

DURHAM, N.C.--(BUSINESS WIRE)--Semprius, Inc., a semiconductor technology company developing a novel transfer printing technology for the manufacture of advanced semiconductor devices, announced today it has closed a $6.4 million Series B round of venture funding. Existing investors ARCH Venture Partners, Applied Ventures, Illinois VENTURES and Intersouth Partners were joined by In-Q-Tel and GVC Investment Fund. The initial focus of Semprius’ technology is on the production of low cost, high performance solar modules for utility scale power generation. The unique module design and low cost assembly technology enables energy production at wholesale rates without the need for government subsidies. The Series B funding will be used to complete development and begin field deployment of solar modules to selected customers.

Semprius’ technology enables the placement of nearly any high performance semiconductor onto any target substrate, greatly broadening the options available to designers of advanced electronic devices. For many existing designs, the technology can enable a manufacturing process that is faster and far less expensive. It can be applied to a number of markets, including solar modules, electronic displays and wireless devices.

No comments:

Post a Comment