DURHAM, NC – Durham-based Semprius has raised more than $900,000 of a $1 million debt offering, according to a regulatory filing.
The company received a $1.5 million strategic investment from X-FAB Semiconductor Foundries AG, the leading analog/mixed-signal semiconductor foundry, in January.
Other investors in the firm include Durham’s Intersouth Partners, Austin’s Arch Venture Partners, Chicago’s Illinois Ventures, CA-based Applied Ventures, and Tokyo-based Global Venture Partners.
Semprius develops novel technology for the manufacture of advanced semiconductor devices. This technology enables “point-of-use electronics,” 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 is ideal for multiple markets and applications, including solar modules, electronic displays and wireless devices.
We noticed that semiconductor sales have been healthy this year. The proliferation of devices, all needing chips, should bode well for the industry and any tech fitting into that is likely to do well if it offers advantages.
The company disclosed the debt raise in a filing with the U.S. Securities and Exchange Commission.
–Allan Maurer
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Related Stories:
- Durham, NC-based Semprius heats up with $20M for solar tech
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- X-FAB invests $1.5M in Semprius
- NC Semiconductor start-up secures $4.1 million
- Durham’s Semprius awarded SBIR grant
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Tags: Arch Capital, Durham, financing, Intersouth Partners, NC, semiconductors, Semprius, X-Fab
