Report: Startup Semprius secures $1.5M in debt financing
Startup Semprius, which is focused on semiconductor technology that could make the “printing” of semiconductors much more flexible, has raised $1.5 million, according to the Triangle Business Journal.
The funds are debt financing, the newspaper said, citing state regulatory records.
Semprius investors Intersouth partners of Durham, Inninois Ventures, Arch Venture Partners and Applied Ventures provided the funds.
Semprius raised a $5.2 million Series A round last year.
Applied Ventures, the venture capital operation of Applied Materials, invested $500,000 in Semprius to complete the round. Applied Materials is a global leader in nanomanufacturing technology.
Semprius is developing a new means of printing high-performance semiconductors. The patented process enables chips to be placed on hard surfaces such as glass, plastic, metal or other semiconductors.
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