Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > SiOnyx raises $12.5M in Series B

Abstract:
SiOnyx Inc., a Massachusetts-based photonics company, has raised $12.5 million in Series B financing. Funds were invested by first-time investors Coherent Inc., Crosslink Capital and Vulcan Capital, while return investors included Polaris Venture Partners and Harris & Harris. SiOnyx will use the funding to launch their first commercial products.

SiOnyx raises $12.5M in Series B

Beverly, MA | Posted on October 20th, 2010

SiOnyx Inc., a leading innovator in high-performance photonics, today announced that it has successfully completed its series B financing, closing at $12.5 million. New investors Coherent Inc., Crosslink Capital and Vulcan Capital joined existing investors Polaris Venture Partners and Harris & Harris to complete the round. There are no resulting changes to SiOnyx's board of directors.

"The addition of a strategic partner and two top-tier venture capital firms to our series B syndicate underscores the tremendous economic potential of SiOnyx's innovation," said Stephen Saylor, CEO of SiOnyx.

"Our early success in delivering record-breaking performance in applications from simple light detection to thin-film photovoltaics has fueled our momentum. With this new funding, SiOnyx will launch our first commercial products and expand the suite of solutions offered to our strategic partners."

SiOnyx is commercializing a fundamentally new semiconductor processing technique that represents a breakthrough in the development of smaller, cheaper, high-performing silicon photonic devices. The company recently demonstrated record-breaking photosensitivity in collaboration with the Army Research Office (ARO) and is currently working with a number of industry and government partners to advance the use of its technology.

"Coherent's investment in SiOnyx, one of our strategic partners, reflects our confidence in the company and its technology to help us capture new opportunities in the photovoltaic industry as it continues to expand towards grid parity," said John Ambroseo, Coherent President and Chief Executive Officer.

Vulcan Capital, the venture investment firm founded by Microsoft co-founder Paul Allen, is impressed by SiOnyx's novel technology platform. Venture partner Jill Watz added: "We expect the disruptive nature of SiOnyx's technology to create entirely new product categories and deliver powerful performance enhancements to the multi-billion dollar market for silicon photonics."

Based on a novel laser implant method first discovered at Harvard and commonly referred to as ‘Black Silicon,' SiOnyx's patented semiconductor process dramatically enhances the performance of light-sensing devices across a range of applications in the consumer, industrial, medical and defense industries.

####

About SiOnyx
SiOnyx is a leading innovator in high-performance photonics serving the consumer, industrial, medical and defense industries. SiOnyx’s patented semiconductor process dramatically enhances the performance of light-sensing devices, delivering hundreds of times more sensitivity to light than traditional silicon. As a result, SiOnyx’s platform represents a significant breakthrough in the development of smaller, cheaper, high-performing photonic devices in applications ranging from simple light detection to advanced digital imaging, photovoltaics and more. Additional information about SiOnyx is available at www.sionyx.com.

About Coherent, Inc.
Founded in 1966, Coherent, Inc. is a Russell 2000 Index company and a world leader in providing laser-based solutions to the commercial and scientific research markets. For more information about Coherent, including product and financial updates, visit our website at www.Coherent.com.

About Crosslink Capital
Founded in 1989, Crosslink Capital is a leading stage-independent venture capital and growth equity firm with over $1.5 billionin capital under management. Crosslink was among the first and largest investment firms in the U.S. to integrate public and private technology investing. This strategy allows Crosslink to partner with its portfolio companies on a long-term basis. With more than 20 years behind it, Crosslink Capital has invested in over 90 private equity portfolio companies, including Miller Heiman, Omniture (acquired by Adobe Systems) Pandora, SeaMicro, Twin Creeks Technologies, Virage Logic, and Yipes (acquired by Reliance Communications). For more information on Crosslink, visit www.crosslinkcapital.com.

About Vulcan Capital
Vulcan Capital is the private investment arm of Vulcan Inc., the company founded by Paul G. Allen in 1986 to manage his philanthropic and business initiatives. Vulcan Capital is focused on generating long-term value appreciation across a multibillion dollar portfolio, which spans diverse industry sectors and investment asset classes, ranging from early-stage venture investments to public equity value investing, leveraged buyouts, acquisitions, and distressed situations.

For more information, please click here

Contacts:

Copyright © SiOnyx

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Nanotechnology and math deliver two-in-one punch for cancer therapy resistance June 24th, 2016

Researchers discover new chemical sensing technique: Technique allows sharper detail -- and more information -- with near infrared light June 24th, 2016

GraphExeter illuminates bright new future for flexible lighting devices June 23rd, 2016

Soft decoupling of organic molecules on metal June 23rd, 2016

Thin films

Novel capping strategy improves stability of perovskite nanocrystals: Study addresses instability issues with organometal-halide perovskites, a promising class of materials for solar cells, LEDs, and other applications June 13th, 2016

New nanomaterial offers promise in bendable, wearable electronic devices: Electroplated polymer makes transparent, highly conductive, ultrathin film June 13th, 2016

Perovskite solar cells surpass 20 percent efficiency: EPFL researchers are pushing the limits of perovskite solar cell performance by exploring the best way to grow these crystals June 13th, 2016

NRL develops new low-defect method to nitrogen dope graphene resulting in tunable bandstructure June 6th, 2016

Investments/IPO's/Splits

Nanometrics to Participate in the 8th Annual CEO Investor Summit: Investor Event Held Concurrently with SEMICON West 2016 in San Francisco June 22nd, 2016

Artificial synapse rivals biological ones in energy consumption June 21st, 2016

NanoLabNL boosts quality of research facilities as Dutch Toekomstfonds invests firmly June 10th, 2016

Nanometrics Announces Upcoming Investor Events May 10th, 2016

Announcements

Nanotechnology and math deliver two-in-one punch for cancer therapy resistance June 24th, 2016

Researchers discover new chemical sensing technique: Technique allows sharper detail -- and more information -- with near infrared light June 24th, 2016

GraphExeter illuminates bright new future for flexible lighting devices June 23rd, 2016

Soft decoupling of organic molecules on metal June 23rd, 2016

Energy

Researchers discover new chemical sensing technique: Technique allows sharper detail -- and more information -- with near infrared light June 24th, 2016

FEI and University of Liverpool Announce QEMSCAN Research Initiative: University of Liverpool will utilize FEI’s QEMSCAN technology to gain a better insight into oil and gas reserves & potentially change the approach to evaluating them June 22nd, 2016

Titan shines light on high-temperature superconductor pathway: Simulation demonstrates how superconductivity arises in cuprates' pseudogap phase June 22nd, 2016

New generation of high-efficiency solar thermal absorbers developed June 20th, 2016

Solar/Photovoltaic

New generation of high-efficiency solar thermal absorbers developed June 20th, 2016

Novel capping strategy improves stability of perovskite nanocrystals: Study addresses instability issues with organometal-halide perovskites, a promising class of materials for solar cells, LEDs, and other applications June 13th, 2016

Perovskite solar cells surpass 20 percent efficiency: EPFL researchers are pushing the limits of perovskite solar cell performance by exploring the best way to grow these crystals June 13th, 2016

A type of nanostructure increases the efficiency of electricity-producing photovoltaic June 10th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic