MEARS Technologies Secures $14,750,000 New Round

  • Feed Type
  • Date
    3/20/2015
  • Company Name
    MEARS Technologies
  • Mailing Address
    189 Wells Ave 3rd Floor Newton, MA 02459 USA
  • Company Description
    MEARS Technologies is dedicated to delivering a stream of innovative solutions to the global semiconductor industry. We focus on enabling the continued improvement of silicon semiconductor performance at ever finer geometries and increased chip densities.
  • Website
    http://www.mearstechnologies.com
  • Transaction Type
    Debt
  • Transaction Amount
    $14,750,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    MTI intends to use the proceeds of the Notes to accelerate the development and commercialization of its Mears Silicon Technology™ (‘MST’). MST allows complementary metal-oxide-semiconductor (‘CMOS’) transistors to be made smaller, faster, more reliably and with better energy efficiency. MST improves the most widely used CMOS types (N-type and P-type) on a lowcost, industrial scale using epitaxial machines already employed in semiconductor manufacturing. MTI will also use the proceeds of the Notes to strengthen its strategic intellectual property portfolio further.
  • M&A Terms
  • Venture Investor

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