Semprius Raises Venture Funding


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.

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