SAN JOSE, Calif. -- In general, venture capital funding has dried up in the semiconductor industry. But In-Q-Tel, the venture capital arm of the U.S. Central Intelligence Agency (CIA), continues to invest in the semiconductor and related industries.
The CIA has invested in materials supplier Cambrios Technologies Corp. (Sunnyvale, Calif.). In fact, Cambrios has received investments totaling $14.5 million in a first closing of its Series D financing round.
All of Cambrios' existing institutional preferred shareholders participated in the round, including Arch Venture Partners, Alloy Ventures, Oxford Bioscience Partners, Harris & Harris Group, Altitude Life Science Ventures, Presidio Ventures, Mitsubishi UFJ Capital, In-Q-Tel, Avalon Ventures, Lux Capital, Kidron LLC, Headland Ventures, and Alexandria Real Estate Equities.
In addition, three other concerns made investments in the company, including Sumitomo, Chisso and Nissha Printing.
Cambrios' first product is the so-called ClearOhm coating material, said to produce a transparent, conductive film by wet processing. ClearOhm films have improved properties by comparison to currently used materials such as indium tin oxide and other transparent conductive oxides, according to the company.
Applications of ClearOhm coating material include transparent electrodes for touch screens, liquid crystal displays, thin film photovoltaics, e-paper, and OLED devices.
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