Surrey NanoSystems Raises £4.5M in Third Funding

Surrey NanoSystems, a Newhaven, UK-based semiconductor-focused company, has raised £4.5m (approximately US$7.1m) in third funding.

The round was led by New Wave Ventures, in conjunction with Parkwalk Advisors, and further investments from existing backers Octopus Ventures, IP Group PLC and the University of Surrey.

The company intends to use the capital to commercialize an advanced dielectric thin film for insulation applications, and a process for growing carbon-based interconnections or ‘vias’.

Led by CEO David Wong and Chairman Lars McBride, Surrey NanoSystems develops processes and materials to support the use of nanomaterials in mass-market semiconductor fabrication, clean tech and renewable industries, and provides tools to support nanomaterial research and development at partner sites. It has developed a new class of high performance dielectric material for inter-layer or inter-metal insulation, which offers an advanced alternative to current ‘low k’ semiconductor insulation materials, resistance to the liquid chemicals employed in semiconductor processing.



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