Applied Ventures

Applied Ventures, LLC is the venture capital arm of Applied Materials, a leader in nanomanufacturing technology solutions for the electronics industry. The firm focuses on investing in early-stage technology companies that show potential for high growth and significant returns. Applied Ventures aims to invest in businesses that align with or enhance Applied Materials' core expertise, particularly in sectors such as semiconductors, displays, and solar photovoltaic technology. Through its investments, Applied Ventures seeks to foster the development of innovative technologies and markets that can serve as natural extensions of Applied Materials' offerings, thereby contributing to the advancement of applications within these industries.

Blair Georgakas

Investment Manager

Anand Kamannavar

Global Head

Saewook Lee

Senior Investment Manager

Frank Lee

Investment Director

Brad McManus

Investment Director

Omkaram Nalamasu

President

Rajesh Ramanujam

Investment Director

John Wei

Investment Director

80 past transactions

Ionblox

Series B in 2023
Zenlabs has developed proprietary silicon-based formulations that offer higher specific capacity, longer cycle life, and lower cost. Zenlabs' anodes are unique in their high loading level and high active silicon content. In addition, Zenlabs has solved the common problems with silicon based anodes such as poor cycling and swelling. Zenlabs combines these high capacity anodes with high capacity cathode materials in large format pouch cells to achieve energy densities that are much higher than what is commercially available.

Scintil Photonics

Venture Round in 2022
Scintil Photonics SAS, founded in 2018 and based in Grenoble, France, specializes in the development of silicon photonic integrated circuits aimed at advancing high-speed optical communications and chip interconnections. The company offers a range of products, including multi-wavelength lasers, waveguides, wavelength filters, and photodetectors. By employing wafer-scale bonding techniques that combine Silicon and Indium Phosphide materials, Scintil Photonics creates fully integrated circuits that enhance performance and reliability while significantly lowering implementation costs. Their innovative approach allows for the monolithic integration of optical amplifiers and lasers on advanced silicon photonic circuits, making their solutions suitable for a variety of industrial applications.

Infinitum

Series D in 2022
Infinitum Electric Inc. is a technology company based in Austin, Texas, specializing in the manufacture of electric motors and control products. Established in 2014, the company leverages its innovative printed circuit board (PCB) stator technology to produce lightweight, efficient, and durable electric motors. This technology positions Infinitum at the forefront of the motor industry, offering products that are not only cost-effective but also optimized for a variety of applications across multiple sectors. Infinitum Electric collaborates with global manufacturers and industrial original equipment manufacturers (OEMs) to tailor its motor solutions to meet specific market needs. The company, previously known as Fanergies Inc., rebranded in December 2016 to reflect its focus on advanced motor technology.

Syntiant

Series D in 2022
Syntiant is moving artificial intelligence and machine learning from the cloud to edge devices. Syntiant’s advanced chip solutions merge deep learning with semiconductor design to produce ultra-low-power, high performance, deep neural network processors for always-on applications in battery-powered devices, such as smartphones, smart speakers, earbuds, hearing aids, and laptops. It was founded in 2017 and is headquartered in Irvine, California.

Cornami

Series C in 2022
Cornami, Inc. is a high-performance computing company based in Campbell, California, with additional offices in Sacramento and Boston. Established in 2011, the company specializes in innovative technologies that enhance software performance, power efficiency, latency, and computational footprints. Cornami has developed patented multi-core technology that optimizes the use of heterogeneous cores in a concurrent and parallel manner. This technology enables scalability from thousands of cores on a single chip to millions across a system, facilitating real-time computing while minimizing costs and power consumption. The company aims to significantly improve compute performance in various markets, particularly focusing on Big Data. Additionally, Cornami's technology supports real-time fully homomorphic encryption, allowing developers and enterprises to achieve high performance on any device, thereby enhancing return on investment and operational efficiency.

Vesper

Venture Round in 2021
Vesper Technologies Inc. is an electrical and electronic manufacturing company based in Boston, Massachusetts, specializing in the development and production of piezoelectric MEMS microphones. Founded in 2009, Vesper focuses on delivering innovative microphone solutions for various applications, including mobile handsets, tablets, and other audio-related products. The company's mission is to provide voice-powered solutions across diverse markets globally.

Ultivue

Series D in 2021
Ultivue, Inc. is a biotechnology company based in Cambridge, Massachusetts, founded in 2015. The company specializes in manufacturing reagents for tissue imaging and multiplexing detection, primarily serving the life science and biomedical research communities. Ultivue offers advanced technologies such as DNA-PAINT and DNA-Exchange, which facilitate the collection of high-resolution microscopic images. These innovations are aimed at enhancing the understanding of biological processes and medical diagnostics. The company’s products are designed for use in fluorescent microscopy-based research and are expected to have future applications in clinical diagnostics.

SES

Series D in 2021
SolidEnergy Systems Corp. specializes in the development and manufacturing of rechargeable lithium metal batteries, targeting applications in drones, wearables, smartphones, and electric vehicles. Founded in 2012 and located in Woburn, Massachusetts, the company operates at a pilot scale to produce rechargeable cells for prototype demonstrations and niche aerospace markets. SolidEnergy's core innovation lies in the materials it provides, specifically anodes and electrolytes, which are designed for integration with existing lithium-ion cell manufacturing processes. This compatibility enables the company to scale its production without the need for significant investment in new infrastructure. By supplying these materials to major lithium-ion cell manufacturers, SolidEnergy facilitates the creation of customized battery solutions for a variety of applications, positioning itself for growth in the mainstream consumer electronics and electric vehicle markets.

Metalenz

Series A in 2021
Metalenz, Inc. is focused on the research, development, production, and prototyping of innovative optical components. Established in 2016 and headquartered in Weston, Massachusetts, with an additional office in San Francisco, the company specializes in novel optical elements that utilize structured Huygens' surfaces, also known as metamaterial structures. These advanced technologies allow for precise control of wavefronts, polarization, and other light properties. Metalenz's ultra-thin planar optics are designed for high-resolution, full-color imaging, making lenses for mobile phones, computers, and various smaller electronic devices more compact and lightweight. This approach provides businesses with miniaturized alternatives to traditional lenses, enhancing the performance and design of modern electronic products.

Antaios

Series A in 2020
Antaios develops innovative memory technology. Antaios is fully engaged in bringing the technology to the market to help chip manufacturers solve the critical issue of exploding power requests in advanced semiconductor systems.

Ayar Labs

Series B in 2020
Ayar Labs, Inc. develops advanced optical interconnect solutions, specializing in high-density electronic-photonic chiplets and lasers. Its flagship product, TeraPHY, is a monolithic in-package optical I/O solution designed for applications demanding high bandwidth, low latency, and energy efficiency in short-reach interconnects. Complementing TeraPHY, the company offers SuperNova, a multiwavelength light source that provides continuous wave light essential for TeraPHY's operation. By utilizing patented technologies based on industry-standard silicon processing techniques, Ayar Labs aims to enhance interconnect bandwidth density while reducing power consumption, thereby transforming traditional electrical interconnects in the semiconductor and computing sectors. The company's innovations are applicable across various industries, including artificial intelligence, cloud computing, telecommunications, aerospace, and military applications. Founded in 2015 and headquartered in Emeryville, California, Ayar Labs is committed to addressing the challenges posed by increasing data volumes through the miniaturization of fiber optic transceivers.
Leading Edge Equipment Technologies, based in Gloucester, Massachusetts, specializes in the development and manufacturing of kerfless, single crystal silicon wafers designed for use in solar panels. Founded in 2016, the company focuses on creating wafers that enhance efficiency and reduce costs while seamlessly integrating into existing module manufacturing processes without necessitating any modifications.

Rockley Photonics

Venture Round in 2020
Rockley Photonics manufactures photonics chips and custom integrated packaged products. It offers products for broad market applications ranging from communications to consumers. The company is focused on sales of chipsets plus the customer-specific design of photonics chips and custom integrated packaged products. In this way, Rockley Photonics leverages its investment in photonics platform research and process development across broader market applications. Rockley Photonics was founded in 2013 and is headquartered in Pasadena, CA.

Exo

Series B in 2020
Exo is a medical device startup handheld ultrasound platform and AI for imaging and therapeutic applications. The company is committed to delivering affordable and easy-to-use medical imaging to healthcare professionals around the world. By delivering easy-to-use, high-quality medical imaging. Exo empowers healthcare professionals to make critical, real-time decisions that improve patient outcomes. The Exo ultrasound platform combines advances in nano-materials, novel sensor technologies, advanced signal processing, and computation with the economies of scale of semiconductor manufacturing to dramatically reduce the cost of imaging. It also represents a giant leap in imaging and therapeutics technology one that will drive the development of high-performance products that are accessible, easy-to-use, and available at a price point never before possible.

Syntiant

Series C in 2020
Syntiant is moving artificial intelligence and machine learning from the cloud to edge devices. Syntiant’s advanced chip solutions merge deep learning with semiconductor design to produce ultra-low-power, high performance, deep neural network processors for always-on applications in battery-powered devices, such as smartphones, smart speakers, earbuds, hearing aids, and laptops. It was founded in 2017 and is headquartered in Irvine, California.

MakinaRocks

Series A in 2020
MakinaRocks Co., Ltd. is a South Korean company, established in December 2017 and headquartered in Seoul, that specializes in developing software solutions aimed at enhancing manufacturing processes through industrial machine intelligence. The company focuses on analyzing sensor data from manufacturing equipment using machine learning techniques to predict equipment malfunctions and quality issues, thereby improving productivity and product quality. MakinaRocks provides its solutions to various high-tech sectors, including semiconductor manufacturing, automotive, steel production, and specialty chemicals. Its offerings include anomaly detection models and intelligent control algorithms that help manufacturers implement predictive maintenance and optimize operations.

Inpria

Series C in 2020
Inpria Corporation, founded in 2007 and based in Corvallis, Oregon, specializes in the design, development, and manufacture of EUV metal oxide photoresists. The company is recognized as a pioneer in extending semiconductor lithography by utilizing inorganic photoresists and thin films for nanoscale patterning. Inpria’s innovative photo-condensed molecular oxides allow for the direct deposition of atomically smooth and dense metal oxide films from a solution, which can be photopatterned. This technology enhances performance while simplifying processing, supporting advancements in EUV lithography and addressing the growing demands of the semiconductor industry.

Ultivue

Series C in 2019
Ultivue, Inc. is a biotechnology company based in Cambridge, Massachusetts, founded in 2015. The company specializes in manufacturing reagents for tissue imaging and multiplexing detection, primarily serving the life science and biomedical research communities. Ultivue offers advanced technologies such as DNA-PAINT and DNA-Exchange, which facilitate the collection of high-resolution microscopic images. These innovations are aimed at enhancing the understanding of biological processes and medical diagnostics. The company’s products are designed for use in fluorescent microscopy-based research and are expected to have future applications in clinical diagnostics.

Playnitride

Series E in 2019
PlayNitride group is a MicroLED products and solutions provider, with its proprietary PixeLED display technology. In addition to traditional display applications, the PixeLED display technology, which can be applied for high-performance displays with very high resolution, high contrast ratio, high aperture ratio, fast response, and very low power consumption. They developing key technologies, providing different products or solutions of MicroLED displays. Playnitride was founded in 2014 and is based in Miaoli, T'ai-wan, Taiwan.

Adaptive3D

Series A in 2019
Adaptive3D is a leading supplier of premium additive manufacturing polymer resins focused on enabling high-volume production through optimized materials. The company specializes in a range of products, including rubber-like 3D printable materials, damping materials, and low-cure stress photopolymers. By leveraging pioneering technologies, Adaptive3D partners with global leaders to provide solutions for functional end-use products and prototypes, allowing clients to achieve differentiated products and enhanced part performance. Their advanced materials are designed to support precise internal geometries and facilitate the economical customization of parts, making them a key player in the additive manufacturing industry.

Staked us

Seed Round in 2019
Staked, LLC provides an infrastructure that assists institutional investors of digital currencies to compound crypto holdings through staking and lending. The company offers SLA for block rewards, automatic payouts, and detailed reporting. It supports staking and lending across various proof-of-stake currencies. The company was founded in 2018 and is based in Becket, Massachusetts.

Spin Memory

Series B in 2018
Spin Memory, Inc. specializes in developing spin-transfer torque magnetoresistive random access memory (MRAM) technologies and products, addressing the challenges of scaling and power consumption in memory devices. By replacing on-chip SRAM and various non-volatile memories, its solutions cater to both embedded and stand-alone applications. Originally founded in 2007 as Spin Transfer Technologies, the company emerged from a collaboration between Allied Minds and New York University, leveraging technology discovered by Professor Andrew Kent. This innovative orthogonal spin transfer MRAM technology promises significant advancements, including faster switching times, reduced power usage, and greater scalability. Spin Memory is headquartered in Fremont, California.

Syntiant

Series B in 2018
Syntiant is moving artificial intelligence and machine learning from the cloud to edge devices. Syntiant’s advanced chip solutions merge deep learning with semiconductor design to produce ultra-low-power, high performance, deep neural network processors for always-on applications in battery-powered devices, such as smartphones, smart speakers, earbuds, hearing aids, and laptops. It was founded in 2017 and is headquartered in Irvine, California.

Ultivue

Series B in 2018
Ultivue, Inc. is a biotechnology company based in Cambridge, Massachusetts, founded in 2015. The company specializes in manufacturing reagents for tissue imaging and multiplexing detection, primarily serving the life science and biomedical research communities. Ultivue offers advanced technologies such as DNA-PAINT and DNA-Exchange, which facilitate the collection of high-resolution microscopic images. These innovations are aimed at enhancing the understanding of biological processes and medical diagnostics. The company’s products are designed for use in fluorescent microscopy-based research and are expected to have future applications in clinical diagnostics.

SES

Series C in 2017
SolidEnergy Systems Corp. specializes in the development and manufacturing of rechargeable lithium metal batteries, targeting applications in drones, wearables, smartphones, and electric vehicles. Founded in 2012 and located in Woburn, Massachusetts, the company operates at a pilot scale to produce rechargeable cells for prototype demonstrations and niche aerospace markets. SolidEnergy's core innovation lies in the materials it provides, specifically anodes and electrolytes, which are designed for integration with existing lithium-ion cell manufacturing processes. This compatibility enables the company to scale its production without the need for significant investment in new infrastructure. By supplying these materials to major lithium-ion cell manufacturers, SolidEnergy facilitates the creation of customized battery solutions for a variety of applications, positioning itself for growth in the mainstream consumer electronics and electric vehicle markets.

Exo

Series A in 2017
Exo is a medical device startup handheld ultrasound platform and AI for imaging and therapeutic applications. The company is committed to delivering affordable and easy-to-use medical imaging to healthcare professionals around the world. By delivering easy-to-use, high-quality medical imaging. Exo empowers healthcare professionals to make critical, real-time decisions that improve patient outcomes. The Exo ultrasound platform combines advances in nano-materials, novel sensor technologies, advanced signal processing, and computation with the economies of scale of semiconductor manufacturing to dramatically reduce the cost of imaging. It also represents a giant leap in imaging and therapeutics technology one that will drive the development of high-performance products that are accessible, easy-to-use, and available at a price point never before possible.

Point Engineering

Series A in 2017
Point Engineering is the leading manufacturing company for precision parts and material based on fine machining and surface treatment technology.

Electroninks

Series A in 2017
Electroninks Incorporated, founded in 2013 as a spinout from the University of Illinois at Urbana-Champaign, specializes in developing advanced materials for consumer electronics. Based in Austin, Texas, with additional offices in Silicon Valley, Korea, and China, the company combines expertise in materials science and design to create innovative inks and products. Electroninks' unique formulations leverage novel chemistries that prioritize pure metallic films, enhancing performance, reliability, and cost-effectiveness. Their inks, characterized by small-molecule chemistries, can be printed using digital and roll-to-roll methods, allowing for fine resolutions and low-temperature annealing. Unlike traditional nanoparticle technologies, their particle-free formulations do not require binders, resulting in superior performance and integration capabilities in electronic applications.

Metalenz

Seed Round in 2017
Metalenz, Inc. is focused on the research, development, production, and prototyping of innovative optical components. Established in 2016 and headquartered in Weston, Massachusetts, with an additional office in San Francisco, the company specializes in novel optical elements that utilize structured Huygens' surfaces, also known as metamaterial structures. These advanced technologies allow for precise control of wavefronts, polarization, and other light properties. Metalenz's ultra-thin planar optics are designed for high-resolution, full-color imaging, making lenses for mobile phones, computers, and various smaller electronic devices more compact and lightweight. This approach provides businesses with miniaturized alternatives to traditional lenses, enhancing the performance and design of modern electronic products.

Inpria

Series B in 2017
Inpria Corporation, founded in 2007 and based in Corvallis, Oregon, specializes in the design, development, and manufacture of EUV metal oxide photoresists. The company is recognized as a pioneer in extending semiconductor lithography by utilizing inorganic photoresists and thin films for nanoscale patterning. Inpria’s innovative photo-condensed molecular oxides allow for the direct deposition of atomically smooth and dense metal oxide films from a solution, which can be photopatterned. This technology enhances performance while simplifying processing, supporting advancements in EUV lithography and addressing the growing demands of the semiconductor industry.

Lumiode

Series A in 2017
Lumiode is a New York City-based semiconductor technology startup specializing in high-brightness microdisplays for augmented reality and other display applications. Lumiode is venture-backed by IP Group and Applied Ventures.

Avegant

Series B in 2017
Avegant is a technology company developing next-generation display technology to enable previously impossible augmented reality experiences. The company uses its deep scientific understanding of human sight and head-mounted display ergonomics together with its consumer electronics manufacturing experience to develop displays that enable realistic AR experiences for consumers. Avegant was founded in 2012 and headquartered in Belmont, California.

Exo

Venture Round in 2017
Exo is a medical device startup handheld ultrasound platform and AI for imaging and therapeutic applications. The company is committed to delivering affordable and easy-to-use medical imaging to healthcare professionals around the world. By delivering easy-to-use, high-quality medical imaging. Exo empowers healthcare professionals to make critical, real-time decisions that improve patient outcomes. The Exo ultrasound platform combines advances in nano-materials, novel sensor technologies, advanced signal processing, and computation with the economies of scale of semiconductor manufacturing to dramatically reduce the cost of imaging. It also represents a giant leap in imaging and therapeutics technology one that will drive the development of high-performance products that are accessible, easy-to-use, and available at a price point never before possible.

ENKI Technologies

Seed Round in 2017
ENKI Technologies is an information technology company creating web and mobile applications. They innovate and develop new software that serves real needs and translate abstract ideas into concrete software solutions that assist in increasing efficiency, productivity, and profits. They also decode convoluted texts and expert jargon into meaningful clear user-centric texts that get you in direct touch with the reader. ENKI Technologies tech solutions are designed to help you leverage your business whether you need a website, mobile app or custom software. In order to grow value, you need a strong tech partner who understands your future needs. ENKI Technologies was founded in 2013 and is based in Santa Monica, California, USA.

Norsk Titanium

Venture Round in 2016
Norsk Titanium AS designs and manufactures 3D-printed, structural titanium production machinery for the aerospace industry. Its products include MERKE IV and Gen-4 Machine. The company’s products are based on its patented technology, Rapid Plasma Deposition (RPD). It offers its products to aerospace, defense, and commercial customers, including the oil and gas industry. Norsk Titanium AS was formerly known as Norsk Titanium Components AS. The company was founded in 2004 and is based in Hønefoss, Norway. It has a product development and qualification center in Plattsburgh, New York. Norsk Titanium AS operates as a subsidiary of Scatec AS.

SuNAM

Series A in 2016
SuNam Co.,Ltd, green energy material technology venture enterprise founded in 2004 had commercialized technologies in the fields of superconductors, nano and advanced materials, under the company's MOTO, "commercial developments for the environmentally friendly and high energy-efficient technologies realization," especially high temperature superconducting second-generation wires and its applications including the backup system supply.

Electroninks

Series A in 2016
Electroninks Incorporated, founded in 2013 as a spinout from the University of Illinois at Urbana-Champaign, specializes in developing advanced materials for consumer electronics. Based in Austin, Texas, with additional offices in Silicon Valley, Korea, and China, the company combines expertise in materials science and design to create innovative inks and products. Electroninks' unique formulations leverage novel chemistries that prioritize pure metallic films, enhancing performance, reliability, and cost-effectiveness. Their inks, characterized by small-molecule chemistries, can be printed using digital and roll-to-roll methods, allowing for fine resolutions and low-temperature annealing. Unlike traditional nanoparticle technologies, their particle-free formulations do not require binders, resulting in superior performance and integration capabilities in electronic applications.

Rayvio

Series B in 2016
RayVio Corp. is an advanced health and hygiene company that delivers clean water and environments. RayVio helps protect billions from germs and creates new markets and revenue streams by enabling a new class of products. Its powerful and efficient UV LED technology can be integrated into a variety of applications, powering versatile on-demand solutions that give consumers control over health without chemicals or costly consumables. To learn more, please visit www.rayvio.com.

SES

Venture Round in 2016
SolidEnergy Systems Corp. specializes in the development and manufacturing of rechargeable lithium metal batteries, targeting applications in drones, wearables, smartphones, and electric vehicles. Founded in 2012 and located in Woburn, Massachusetts, the company operates at a pilot scale to produce rechargeable cells for prototype demonstrations and niche aerospace markets. SolidEnergy's core innovation lies in the materials it provides, specifically anodes and electrolytes, which are designed for integration with existing lithium-ion cell manufacturing processes. This compatibility enables the company to scale its production without the need for significant investment in new infrastructure. By supplying these materials to major lithium-ion cell manufacturers, SolidEnergy facilitates the creation of customized battery solutions for a variety of applications, positioning itself for growth in the mainstream consumer electronics and electric vehicle markets.

SES

Series B in 2015
SolidEnergy Systems Corp. specializes in the development and manufacturing of rechargeable lithium metal batteries, targeting applications in drones, wearables, smartphones, and electric vehicles. Founded in 2012 and located in Woburn, Massachusetts, the company operates at a pilot scale to produce rechargeable cells for prototype demonstrations and niche aerospace markets. SolidEnergy's core innovation lies in the materials it provides, specifically anodes and electrolytes, which are designed for integration with existing lithium-ion cell manufacturing processes. This compatibility enables the company to scale its production without the need for significant investment in new infrastructure. By supplying these materials to major lithium-ion cell manufacturers, SolidEnergy facilitates the creation of customized battery solutions for a variety of applications, positioning itself for growth in the mainstream consumer electronics and electric vehicle markets.

Rayvio

Series B in 2015
RayVio Corp. is an advanced health and hygiene company that delivers clean water and environments. RayVio helps protect billions from germs and creates new markets and revenue streams by enabling a new class of products. Its powerful and efficient UV LED technology can be integrated into a variety of applications, powering versatile on-demand solutions that give consumers control over health without chemicals or costly consumables. To learn more, please visit www.rayvio.com.

Inpria

Venture Round in 2014
Inpria Corporation, founded in 2007 and based in Corvallis, Oregon, specializes in the design, development, and manufacture of EUV metal oxide photoresists. The company is recognized as a pioneer in extending semiconductor lithography by utilizing inorganic photoresists and thin films for nanoscale patterning. Inpria’s innovative photo-condensed molecular oxides allow for the direct deposition of atomically smooth and dense metal oxide films from a solution, which can be photopatterned. This technology enhances performance while simplifying processing, supporting advancements in EUV lithography and addressing the growing demands of the semiconductor industry.

Persimmon Technologies

Series B in 2014
Persimmon Technologies Corporation develops, manufactures, and distributes atmospheric and vacuum robotics, vacuum modules, and automation systems in the United States. The company operates as a sales representative for Nidec Sankyo Corporation's atmospheric robotic products in the United States. It serves semiconductor, data storage, LED, OLED, solar, and flat panel display equipment markets. The company was founded in 2010 and is based in Wakefield, Massachusetts. As of March 31, 2017, Persimmon Technologies Corporation operates as a subsidiary of Sumitomo Heavy Industries, Ltd.

Inpria

Venture Round in 2014
Inpria Corporation, founded in 2007 and based in Corvallis, Oregon, specializes in the design, development, and manufacture of EUV metal oxide photoresists. The company is recognized as a pioneer in extending semiconductor lithography by utilizing inorganic photoresists and thin films for nanoscale patterning. Inpria’s innovative photo-condensed molecular oxides allow for the direct deposition of atomically smooth and dense metal oxide films from a solution, which can be photopatterned. This technology enhances performance while simplifying processing, supporting advancements in EUV lithography and addressing the growing demands of the semiconductor industry.

Halation Photonics

Series A in 2012
Halation Photonics Co., Ltd, founded in 2007 and based in Suzhou, China, specializes in the development and commercialization of Multi-stable Liquid Crystal (MSLC) devices and related system solutions. The company has established a strong presence in the photonics and display industries by effectively integrating MSLC technology into various applications, such as e-books and electronic shelf labels (ESL). Halation's innovative products, which include LCDs that maintain displayed content without power, cater to the growing demand for energy-efficient display solutions. The firm possesses over 100 patents, including more than 60 invention patents and several proprietary rights, underscoring its commitment to research and development. Halation also offers integrated technical services for new LCDs and customized development of display devices, E-shutters, and privacy modules, thereby supporting a wide range of applications in the Internet of Things (IoT) ecosystem. By collaborating with top-tier suppliers and customers, Halation has built a stable industrial chain that enhances its ability to meet the increasing market demand for advanced liquid crystal technologies.

Infinite Power Solutions

Series D in 2012
Infinite Power Solutions, Inc. (IPS), a U.S. based clean-technology company, is the global leader in developing, marketing and manufacturing solid-state, rechargeable thin-film micro-energy storage devices for a variety of micro-electronic applications. Founded in 2001, IPS is privately held with corporate headquarters and manufacturing facilities in the western suburbs of [Denver, CO](http://www.crunchbase.com/maps/search?range=10&geo=denver,+co). The company has completed the build-out of the world's first volume manufacturing facility dedicated to the production of its revolutionary thin-film micro-energy cell (MEC(TM)) products (often referred to as thin-film batteries). IPS has recently commenced pre-production activities at this state-of-the-art facility to address growing demand among customers in the wireless sensor, active RFID, powered smart card, medical device, consumer electronics, automotive and civil/military/aerospace markets

iosil Energy

Private Equity Round in 2012
Iosil Energy Corporation, founded in 2007 and based in Groveport, Ohio, specializes in the production of high-purity solar grade polysilicon, a critical raw material for solar cells. The company utilizes waste material generated from wafer sawing operations, known as "kerf," to manufacture its polysilicon, thereby reducing costs and promoting sustainability in the solar industry. With research and development facilities located at the National Institute for Nanotechnology in Edmonton, Alberta, Iosil Energy has demonstrated its capability to produce this essential material efficiently while addressing environmental concerns associated with traditional polysilicon production methods.

MTPV

Series B in 2012
MTPV Power Corporation is a clean energy company that focuses on innovations in Micron-gap ThermalPhotoVoltaics technology (MTPV). MTPV technology began development at MIT and Draper Laboratory before moving to the labs of MTPV Power Corporation. It was founded in 2003 and headquartered in Austin, Texas.

MTPV

Series B in 2011
MTPV Power Corporation is a clean energy company that focuses on innovations in Micron-gap ThermalPhotoVoltaics technology (MTPV). MTPV technology began development at MIT and Draper Laboratory before moving to the labs of MTPV Power Corporation. It was founded in 2003 and headquartered in Austin, Texas.

Semprius

Series C in 2011
Semprius, Inc. is focused on the design, development, and manufacture of high concentration photovoltaic (HCPV) solar modules aimed at generating solar energy for utility, commercial, and government applications in sunny and arid regions globally. The company utilizes a proprietary micro-transfer printing technology that enhances the performance and reliability of its solar modules while ensuring low production costs and scalability for high-volume output. In addition to its solar offerings, Semprius licenses its micro-transfer printing technology for various non-solar applications, including flat-panel displays, flexible electronics, and large-area sensors, which require lightweight and thin form factors. Founded in 2005 and headquartered in Durham, North Carolina, Semprius aims to make solar power generation more economically viable and supports diverse technology applications through its innovative solutions.

BT Imaging

Series A in 2010
BT Imaging is the market leader for electrical-inspection equipment used in the manufacturing of silicon blocks, silicon solar wafers and silicon solar cells.

Infinite Power Solutions

Series C in 2010
Infinite Power Solutions, Inc. (IPS), a U.S. based clean-technology company, is the global leader in developing, marketing and manufacturing solid-state, rechargeable thin-film micro-energy storage devices for a variety of micro-electronic applications. Founded in 2001, IPS is privately held with corporate headquarters and manufacturing facilities in the western suburbs of [Denver, CO](http://www.crunchbase.com/maps/search?range=10&geo=denver,+co). The company has completed the build-out of the world's first volume manufacturing facility dedicated to the production of its revolutionary thin-film micro-energy cell (MEC(TM)) products (often referred to as thin-film batteries). IPS has recently commenced pre-production activities at this state-of-the-art facility to address growing demand among customers in the wireless sensor, active RFID, powered smart card, medical device, consumer electronics, automotive and civil/military/aerospace markets

Adesto Technologies

Venture Round in 2010
Adesto Technologies specializes in the development of innovative, application-specific semiconductors and embedded systems that are integral to Internet of Things (IoT) edge devices. The company offers a diverse range of semiconductor and embedded technologies tailored for connected IoT devices across various sectors, including industrial, consumer, communications, and medical applications. Their products enhance the efficiency, reliability, and security of IoT systems while reducing costs for customers. Adesto's extensive portfolio includes IoT edge servers, routers, network nodes, communication modules, and various types of memory technologies, delivered as discrete products, application-specific integrated circuits, or integrated systems. The company also provides software, development kits, and tools that facilitate faster market entry for clients. With a strong focus on ultralow-power, embedded, non-volatile memory technology, Adesto enables seamless data access and intelligent control in connected environments, supporting a wide range of applications from smart utility meters and wearable devices to home automation and fleet management systems.

Liquavista

Series D in 2010
Liquavista B.V., a display manufacturing company, develops electro-wetting displays in the Netherlands and internationally. It offers LiquavistaBright that offers a combination of brightness in natural light and bold contrast to video; LiquavistaColor, which enables eReader devices to offer bright, full color, and low power video capable displays; and LiquavistaVivid, a transflective mode display, which represents the eReader application. Its products are used in portable and mobile applications, such as phones, watches, cameras, DVD players, and automotive applications. The company was founded in 2006 and is based in Eindhoven, the Netherlands with additional offices in the Netherlands, the United Kingdom, and Hong Kong.

Enphase Energy

Venture Round in 2010
Enphase Energy, Inc. specializes in home energy solutions for the solar photovoltaic industry, both in the United States and internationally. The company designs and manufactures semiconductor-based microinverters that optimize energy conversion at the individual solar module level, enhancing the performance and reliability of solar energy systems. Enphase Energy also offers a range of products including AC battery storage systems, communication gateways, and cloud-based monitoring services, which enable energy monitoring and control. Its customer base includes solar distributors, large installers, original equipment manufacturers, strategic partners, and homeowners, with solutions available through various channels, including an online store. The company provides training resources for solar and storage installers and system owners. Founded in 2006 and headquartered in Fremont, California, Enphase Energy aims to simplify solar energy adoption and empower users to achieve a zero energy footprint, leveraging advanced technology to enhance solar power efficiency.

ClearEdge Power

Venture Round in 2009
ClearEdge Power specializes in clean and secure energy solutions, focusing on onsite energy generation systems for residential and small commercial applications. The company produces fuel cells that range from 5 kW to multiple megawatts, offering compact power and heat energy systems designed to enhance energy efficiency and lower electricity costs. ClearEdge Power's innovative technology not only provides backup power for essential appliances but also aims to reduce carbon emissions. With extensive experience in fuel cell production, the company is committed to transforming power generation for its customers.

Translarity

Series B in 2009
Translarity is an innovator in the semiconductor wafer test industry, focused on the advanced probe card market. Headquartered in Silicon Valley, Translarity brings a disruptive change to the world of semiconductor test by offering a full-wafer test with low cost, high performance, and short cycle time. Translarity acquired BucklingBeam in 2017 to expand its offerings and deliver a full suite of probe card solutions, including full probe cards and vertical probe head solutions. Combined with the company’s advanced Space Translator™ space transformer technology, the company addresses the rapid state of acceleration in probe technologies. Translarity’s proven management team, backed by strong financial investors, recruited a dynamic team of top industry talent to address the unmet challenges in building the Wafer Translator™ technology. In creating the Translarity solution, the team developed a fertile innovation pipeline and a strong IP portfolio, with more than 45 patents already issued and more than 50 filed.

Semprius

Series B in 2009
Semprius, Inc. is focused on the design, development, and manufacture of high concentration photovoltaic (HCPV) solar modules aimed at generating solar energy for utility, commercial, and government applications in sunny and arid regions globally. The company utilizes a proprietary micro-transfer printing technology that enhances the performance and reliability of its solar modules while ensuring low production costs and scalability for high-volume output. In addition to its solar offerings, Semprius licenses its micro-transfer printing technology for various non-solar applications, including flat-panel displays, flexible electronics, and large-area sensors, which require lightweight and thin form factors. Founded in 2005 and headquartered in Durham, North Carolina, Semprius aims to make solar power generation more economically viable and supports diverse technology applications through its innovative solutions.

Enphase Energy

Venture Round in 2009
Enphase Energy, Inc. specializes in home energy solutions for the solar photovoltaic industry, both in the United States and internationally. The company designs and manufactures semiconductor-based microinverters that optimize energy conversion at the individual solar module level, enhancing the performance and reliability of solar energy systems. Enphase Energy also offers a range of products including AC battery storage systems, communication gateways, and cloud-based monitoring services, which enable energy monitoring and control. Its customer base includes solar distributors, large installers, original equipment manufacturers, strategic partners, and homeowners, with solutions available through various channels, including an online store. The company provides training resources for solar and storage installers and system owners. Founded in 2006 and headquartered in Fremont, California, Enphase Energy aims to simplify solar energy adoption and empower users to achieve a zero energy footprint, leveraging advanced technology to enhance solar power efficiency.

Infinite Power Solutions

Series B in 2008
Infinite Power Solutions, Inc. (IPS), a U.S. based clean-technology company, is the global leader in developing, marketing and manufacturing solid-state, rechargeable thin-film micro-energy storage devices for a variety of micro-electronic applications. Founded in 2001, IPS is privately held with corporate headquarters and manufacturing facilities in the western suburbs of [Denver, CO](http://www.crunchbase.com/maps/search?range=10&geo=denver,+co). The company has completed the build-out of the world's first volume manufacturing facility dedicated to the production of its revolutionary thin-film micro-energy cell (MEC(TM)) products (often referred to as thin-film batteries). IPS has recently commenced pre-production activities at this state-of-the-art facility to address growing demand among customers in the wireless sensor, active RFID, powered smart card, medical device, consumer electronics, automotive and civil/military/aerospace markets

Innolume

Series C in 2008
Innolume has invented a novel comb laser light engine for short-reach optical interconnects between and within computers. Economical wavelength-division multiplexing (WDM) is enabled by this class of low-cost, low-power Fabry-Perot lasers. WDM, familiar from telecom, provides an efficient alternative to multiple lasers and underutilized parallel fiber/waveguides, reducing short-reach system cost and power.

Actacell

Series A in 2008
ActaCell, Inc. is a technology start-up commercializing lithium-ion battery technology developed in the Material Science and Engineering lab at The University of Texas at Austin. This new technology is focused on delivering substantially longer cycle life at low cost while maintaining safety as the number one priority. The Material Science and Engineering program at the University of Texas has a long history of innovation in lithium ion chemistries. The company announced on July 200, 2008 that it secured $5.8 million in Series A financing. DFJ Mercury led the round with syndicate investment from Google.org's RechargeIT program, Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc. and Good Energies. The proceeds from the Series A financing will be used to hire key technical talent and to further develop ActaCell's lithium-ion battery technology for commercial purposes.

Wakonda Technologies

Series A in 2008
Wakonda Technologies was founded in 2005 by Dr. Les Fritzemeier and Professor Ryne Raffaelle of the Rochester Institute of Technology. The company was established to exploit the intersection of their respective skills in metallurgical processing and advanced photovoltaic devices. Wakonda was started in Rochester NY and used the facilities at RIT, Cornell University and several government agencies to conduct proof of concept experiments. In 2008, the company moved to Massachusetts to accelerate product development and early commercialization. Wakonda has received several honors over its short history, winning the first ever Golden Horseshoe Business Challenge in upstate NY and being named the National Renewable Energy Laboratory's Entrepreneur of the Year in 2007.

SunEdison

Post in 2008
SunEdison is your trusted partner for innovative, intelligent energy solutions around the globe. We have built our business by putting our customers first, and focusing on addressing each customer's unique solar energy needs. Through our integrated service approach, we partner with you, help you navigate your way through the solar landscape and offer uniquely tailored solutions and flexible financing.

SunEdison

Post in 2008
SunEdison is your trusted partner for innovative, intelligent energy solutions around the globe. We have built our business by putting our customers first, and focusing on addressing each customer's unique solar energy needs. Through our integrated service approach, we partner with you, help you navigate your way through the solar landscape and offer uniquely tailored solutions and flexible financing.

Adesto Technologies

Series A in 2008
Adesto Technologies specializes in the development of innovative, application-specific semiconductors and embedded systems that are integral to Internet of Things (IoT) edge devices. The company offers a diverse range of semiconductor and embedded technologies tailored for connected IoT devices across various sectors, including industrial, consumer, communications, and medical applications. Their products enhance the efficiency, reliability, and security of IoT systems while reducing costs for customers. Adesto's extensive portfolio includes IoT edge servers, routers, network nodes, communication modules, and various types of memory technologies, delivered as discrete products, application-specific integrated circuits, or integrated systems. The company also provides software, development kits, and tools that facilitate faster market entry for clients. With a strong focus on ultralow-power, embedded, non-volatile memory technology, Adesto enables seamless data access and intelligent control in connected environments, supporting a wide range of applications from smart utility meters and wearable devices to home automation and fleet management systems.

Fat Spaniel Technologies

Series B in 2008
Founded in 2003, Fat Spaniel Technologies is the leading independent provider of critical monitoring and reporting services for the renewable energy industry. Today, the company's solutions are utilized by solar power producers, financiers, system integrators, and OEMs, and growing a growing number of wind power companies. Fat Spaniel solutions help optimize energy output, reduce operations and maintenance costs, contain risk, and increase return on investment for renewable energy power plant projects.

Plextronics

Venture Round in 2007
Plextronics specializes in printed electronics. The company's focus is on organic light emitting diode (OLED) displays and lighting, specifically conductive inks and associated process technologies. Plextronic's technology will enable the mass production of these printed devices and therefore lower the cost.

ClearEdge Power

Series C in 2007
ClearEdge Power specializes in clean and secure energy solutions, focusing on onsite energy generation systems for residential and small commercial applications. The company produces fuel cells that range from 5 kW to multiple megawatts, offering compact power and heat energy systems designed to enhance energy efficiency and lower electricity costs. ClearEdge Power's innovative technology not only provides backup power for essential appliances but also aims to reduce carbon emissions. With extensive experience in fuel cell production, the company is committed to transforming power generation for its customers.

SAGE Electrochromics

Series B in 2007
SAGE Electrochromics, Inc. engages in the manufacture and sale of insulating glass units and control systems to window and skylight manufacturers in the residential marketplace. The company also provides windows, skylights, and curtain walls for commercial and institutional buildings. It offers its products to owner-occupied office spaces, museums, libraries, art galleries, health care facilities, religious facilities, aviation facilities, high-tech or image buildings, and atriums and overhead daylight openings. SAGE Electrochromics, Inc. was founded in 1989 and is based in Faribault, Minnesota. As of November 10, 2010, SAGE Electrochromics, Inc. operates as a subsidiary of Saint-Gobain.

Semprius

Series A in 2007
Semprius, Inc. is focused on the design, development, and manufacture of high concentration photovoltaic (HCPV) solar modules aimed at generating solar energy for utility, commercial, and government applications in sunny and arid regions globally. The company utilizes a proprietary micro-transfer printing technology that enhances the performance and reliability of its solar modules while ensuring low production costs and scalability for high-volume output. In addition to its solar offerings, Semprius licenses its micro-transfer printing technology for various non-solar applications, including flat-panel displays, flexible electronics, and large-area sensors, which require lightweight and thin form factors. Founded in 2005 and headquartered in Durham, North Carolina, Semprius aims to make solar power generation more economically viable and supports diverse technology applications through its innovative solutions.

Solaicx

Series C in 2007
Solaicx, manufactures and sells mono-crystalline silicon ingots and wafers. It serves solar cell and module manufacturers in the photovoltaic industry. Solaicx, was founded in 2002 and is based in Santa Clara, California with a production facility in Portland, Oregon.

Solaicx

Venture Round in 2006
Solaicx, manufactures and sells mono-crystalline silicon ingots and wafers. It serves solar cell and module manufacturers in the photovoltaic industry. Solaicx, was founded in 2002 and is based in Santa Clara, California with a production facility in Portland, Oregon.

ClearEdge Power

Series B in 2006
ClearEdge Power specializes in clean and secure energy solutions, focusing on onsite energy generation systems for residential and small commercial applications. The company produces fuel cells that range from 5 kW to multiple megawatts, offering compact power and heat energy systems designed to enhance energy efficiency and lower electricity costs. ClearEdge Power's innovative technology not only provides backup power for essential appliances but also aims to reduce carbon emissions. With extensive experience in fuel cell production, the company is committed to transforming power generation for its customers.

Infinite Power Solutions

Venture Round in 2006
Infinite Power Solutions, Inc. (IPS), a U.S. based clean-technology company, is the global leader in developing, marketing and manufacturing solid-state, rechargeable thin-film micro-energy storage devices for a variety of micro-electronic applications. Founded in 2001, IPS is privately held with corporate headquarters and manufacturing facilities in the western suburbs of [Denver, CO](http://www.crunchbase.com/maps/search?range=10&geo=denver,+co). The company has completed the build-out of the world's first volume manufacturing facility dedicated to the production of its revolutionary thin-film micro-energy cell (MEC(TM)) products (often referred to as thin-film batteries). IPS has recently commenced pre-production activities at this state-of-the-art facility to address growing demand among customers in the wireless sensor, active RFID, powered smart card, medical device, consumer electronics, automotive and civil/military/aerospace markets

Grandis

Venture Round in 2005
Grandis is the pioneer in developing and licensing innovative non-volatile memory solutions derived from cutting-edge research in spintronics. Its mission is to enable revolutionary products through application of the electron's spin to store, manipulate and transmit information.

Devicescape

Series B in 2005
Devicescape offers Wi-Fi software solutions that makes mobile devices easy to set up, easy to use, and effortlessly connect to any Wi-Fi network. Unlike piecemeal technologies and clumsy reference software, Devicescape's Easy Wi-Fi product is comprehensive, easy to integrate and backed by industry veterans and a world-class team of software experts and support staff. Headquartered in San Bruno, California, the company is privately held and backed by leading venture capital companies including Kleiner Perkins Caufield & Byers, August Capital, Enterprise Partners, and JAFCO.

FlexLight Networks

Series C in 2003
Founded in September 2000 by a dynamic team of high-powered and experienced optical network specialists, FlexLight's suite of optical access products leverages leading-edge technology to deliver a solution that conquers last-mile bandwidth bottlenecks and optimizes service flexibility. FlexLight's seed funding of $9 million comes from America's Coral Ventures, a private venture capital firm that manages more than $300 million of capital in five funds, and from Israel's Concord Venture Capital Fund, a firm that offers exceptional entrepreneurs the capital, guidance and industry contacts they need to become leaders in their field.

M-Stream

Series A in 2003
M-Stream develops chips for improved reception of voice, video, music and heavy multimedia for second, 2.5, and third-generation cellular communication systems. The start-up raised $1.5 million in its first round of financing in March 2003, at which time it also signed its first agreement with Broadcom. Aside from the $750,000 injection, the deal included an option to buy the company depending on its reaching certain goals.

Grandis

Series A in 2003
Grandis is the pioneer in developing and licensing innovative non-volatile memory solutions derived from cutting-edge research in spintronics. Its mission is to enable revolutionary products through application of the electron's spin to store, manipulate and transmit information.
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