MORRISVILLE – HexaTech Inc., a leader in the development and commercialization of the next-generation semiconductor material, aluminum nitride (AlN), has sold $175,000 of a debt round aimed at $300,000, according to a regulatory filing.
HexaTech
HexaTech raised a $2.7 million equity round in June.
In 2005, HexaTech secured $8.9 million in Series A venture financing.
“It is a multi-billion dollar opportunity,” said John Glushik of Intersouth Partners, which led that initial round, at the time,
The company raised cash through debt for years, nearly $8 million since 2010. The company launched in 2001.
The company explains that its “wide bandgap semiconductor offers unique properties which enable the fabrication of first-in-kind devices, including long life UV-C light emitting diodes (LEDs) for disinfection applications, deep UV lasers for biological threat detection, high voltage switching devices for efficient power conversion, and RF (radio frequency) components for satellite communications.”
It has developed a proprietary crystal growth process that yields single crystalline AlN boules of exceptionally high quality, ideally suited for the fabrication of AlN substrates with 10,000 to 1,000,000 times fewer defects than competing technologies, the company says.
Semiconductor firm HexaTech wins $2.2M federal contract for new type of chips
