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In-Q-Tel invests $14.5 mn in Cambrios

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CIOL Bureau
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SAN JOSE, USA: In-Q-Tel, the venture-capital company of the United States Central Intelligence Agency (CIA), is continuing to invest in the semiconductor sector and related industries notwithstanding the fact that venture-capital funding has generally come to a halt in the semiconductor industry.

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The CIA recently invested in Cambrios Technologies Corporation, the materials supplier, base in Sunnyvale, California, the United States.

Cambrios Technologies said it received from In-Q-Tel investments totaling $14.5 million, in a first closing of its Series D financing round.

In the Series D financing round, all the existing institutional preferred shareholders of Cambrios Technologies Corporation took part. Those who participated included In-Q-Tel, Alloy Ventures, Oxford Bioscience Partners, Arch Venture Partners, Altitude Life Science Ventures, Harris & Harris Group, Mitsubishi UFJ Capital, Presidio Ventures, Lux Capital, Kidron, Headland Ventures, Alexandria Real Estate Equities, and Avalon Ventures.

In addition, 3 other firms – Chisso Corporation, Sumitomo Corporation, and Nissha Printing Company Limited – made investments in Cambrios Technologies Corporation,

The first product of Cambrios Technologies is the ‘ClearOhm’ coating material, which, the company claims, produces a transparent and conductive film via wet-processing. ClearOhm films, according to Cambrios Technologies, are way ahead in comparison with the materials that are used at present like indium tin oxide and such other transparent conductive oxides. ClearOhm coating material has its applications in transparent electrodes for touch- screens, liquid-crystal displays, e-paper, OLED devices, and thin-film photovoltaics.

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