Semprius Inc., a semiconductor technology company developing a new transfer printing technology for the manufacture of advanced 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.
The initial focus of Semprius' technology is on the production of low-cost, high-performance solar modules for utility-scale power generation. According to the company, 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.
SOURCE: Semprius Inc.