Semprius Raises $6.4 Million in Series B Round of Financing
Source/Type: News - Staff reports

Author: CompoundSemi News Staff

June 10, 2009... Semprius, Inc., of Durham, North Carolina USA, a semiconductor company with an unique printing transfer technology, reports that it 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 InQTel and GVC Investment Fund.   

The initial focus of Semprius’ technology is on the production of low cost, high  performance solar concentrator modules for utility scale power generation.  According to the company, its printing transfer technology allows the placement of nearly any high performance  semiconductor onto any target substrate. The company boasts that the unique design and the and low cost assembly technology of its solar concentrator modules enables energy production at wholesale rates.  The company notes that the funding will be used to  complete development and begin field deployment of solar modules for selected  customers.

“We’re delighted to have attracted new investors to help us grow the company, and to  get such strong support from our existing investors,” said Joe Carr, President and CEO of  Semprius, Inc.  “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.”  Semprius News Release

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