Cambrios Raises $14.5M
Summary
Cambrios Technologies Corporation, a Sunnyvale, CA-based developer of proprietary products using nanotechnology to simplify electronics manufacturing processes and improve end-product performance, raised $14.5m in the first closing of its Series D Financing Round.Existing institutional preferred shareholders, 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, participated in the round.In addition, Sumitomo Corporation, a Japanese trading company and Cambrios’ Japan and Taiwan distributor, Chisso Corporation, which develops and commercializes products for LCD manufacturers exclusively with Chisso, and Nissha Printing Co. Ltd., one of the largest manufacturer of touch screens, made investments in the company.Commenting on this first closing, Michael Knapp, Cambrios President & CEO, said: “Our investors are strong believers in our progress and in our plan.In addition, we have an excellent relationship with our strategic partners and there is tremendous mutual commitment to achieving our collaborative business goals.