AUSTIN, Tex. - Extreme Devices Inc. has raised $30 million in its second round of funding, bringing the total capitalization for the supplier of advanced semiconductor products to $34.25 million.
Investors in the company include KLM Capital Group, Trellis Partners, Dell Ventures, Dow Chemical Co., Austin Ventures, Arch Venture Partners, Tredegar Investments, and other institutional and private investors.
Extreme Devices will use the funding to develop its semiconductor products based on carbide materials. The company's products are designed for use in the communications, electric power distribution, and display technology markets.
The proprietary technology from Extreme Devices was originally developed at Systems & Processes Engineering Corp. (SPEC) in 1996. In 1998, Extreme Devices was spun off from SPEC into a new and independent company.