Halo Industries, a Santa Clara, CA-based creator of a laser manufacturing technology platform for the semiconductor industry, raised $80M in Series B funding.
The round was led by Thomas Tull’s U.S. Innovative Technology Fund (USIT) with participation from 8VC and SAIC.
The company intends to use the funds to scale the commercialization and reach of its technology.
Led by CEO and Founder Andrei Iancu, Halo Industries has developed a range of proprietary innovations that replace traditional mechanical and thermal processes with novel light-based equivalents that provide higher quality, lower cost, and enhanced functionality. The idea for its laser process was born during PhD research of ultra-thin manufacturing methods for silicon wafers for solar and semiconductor applications. The company quickly adapted its process to the manufacturing of silicon carbide wafers and is now in volume production serving a growing number of customers.
Commenting on the news, Andrei Iancu said: “We are incredibly grateful to have savvy partners who recognize the differentiated value of our innovative laser technologies and support our rapid growth. This financing will serve as the foundation for our future strategic engagements where our innovations can reshape market economics as well as enable entirely new device architectures and functionalities.”
FinSMEs
15/07/2024