Published:
Cambrios Announces Closing $14.5 Million in Series D Financing Round
SUNNYVALE, Calif. - (BUSINESS WIRE) - Cambrios Technologies Corporation, an electronic materials company
commercializing ClearOhm coating material for producing transparent
conductive films, announced today that the company has received
investments totaling $14.5 million in a first closing of its Series D
Financing Round. All of the company's existing institutional preferred
shareholders participated in the round, including ARCH Venture Partners,
Alloy Ventures, Oxford Bioscience Partners, Harris & Harris Group,
Altitude Life Science Ventures, Presidio Ventures, Mitsubishi UFJ
Capital, In-Q-Tel, Avalon Ventures, Lux Capital, Kidron LLC, Headland
Ventures, and Alexandria Real Estate Equities.
In addition, three strategic partners made investments in the company.
These include:
-
Sumitomo Corporation - one of Japan's largest trading companies and
Cambrios' Japan and Taiwan distributor,
-
Chisso Corporation, which has a very large market share of liquid
crystal material used to manufacture LCDs; Cambrios develops and
commercializes products for LCD manufacturers exclusively with Chisso,
and
-
Nissha Printing Co. Ltd. - the world's largest manufacturer of touch
screens; Cambrios has a development and sales agreement with Nissha
involving rapid commercialization of ClearOhm coating material-based
products for the touch screen industry.
"Our investors are strong believers in our progress and in our plan,"
said Michael Knapp, Cambrios President & CEO. "We are very grateful to
them for their continued support. In addition, we have an excellent
relationship with our strategic partners and there is tremendous mutual
commitment to achieving our collaborative business goals. The company is
very lucky to have them as investors."
About Cambrios
Cambrios is an electronic materials company that develops proprietary,
competitive products using nanotechnology. Cambrios implements its novel
technology to simplify electronics manufacturing processes, improve
end-product performance and identify ways to satisfy unmet industry
needs. The company's first product is ClearOhm coating material that
produces a transparent, conductive film by wet processing. ClearOhm
films have improved properties by comparison to currently used materials
such as indium tin oxide and other transparent conductive oxides.
Applications of ClearOhm coating material include transparent
electrodes for touch screens, liquid crystal displays, thin film
photovoltaics, e-paper, and OLED devices.
Cambrios
Missy Bindseil, 830-237-9527
mbindseil@cambrios.com
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