LONDON — Semprius, Inc., the start-up commercializing a novel transfer printing technology for making semiconductor devices, 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.
Semprius' technology focuses on the transfer printing of semiconductors on to any hard surface, including glass, flexible or rigid plastic, metal or other semiconductors.
The initial focus is on the production of solar modules for utility scale power generation. The company says the module design and low cost assembly technology enables energy production at wholesale rates without the need for government subsidies.
Other opportunities are seen in the manufacture of LCD and OLED displays and advanced disk drives.
The Series B funding will be used to complete development and begin field deployment of solar modules to selected customers.
Joe Carr, President and CEO of Semprius, Inc. (Durham, NC) commented: "Our current focus on photovoltaic products for solar modules represents an enormous market opportunity and we are well-positioned to take advantage of this growing need."
Late last year, Cambridge Display Technology (Cambourne, England) teamed with Semprius to develop technology and processes for the manufacture of OLED (organic light emitting diode) backplanes for flat panel displays.
In April 2007, Semprius raised $4.7 million in Series A funding to continue its process development, and a few months later, received an undisclosed investment from Applied Ventures LLC, the venture capital arm of Applied Materials Inc.
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