Ziptronix, Inc. Secures Series C Financing; Semiconductor Technology Company Receives $7.2 Million in Growth Capital.MORRISVILLE, N.C. -- Ziptronix, a semiconductor technology company that is commercializing a revolutionary three-dimensional integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for (3D IC) semiconductor technology, announced today it has secured $7.2 million in growth capital through a Series C venture capital investment.
The Series C round was financed by previous investors, including Alliance Technology Ventures, Grotech Capital, Intersouth Partners, Research Technology Ventures, RTI International RTI International was established in 1958 as Research Triangle Institute, the founding tenant of North Carolina’s Research Triangle Park. RTI was founded as part of a larger effort to harness the intellectual capital of the area’s three major universities— North and NC IDEA.
The financing will be used to expand sales and marketing initiatives and to develop additional partnerships. Ziptronix provides conductive-dielectric, covalent bonding of semiconductor materials Semiconductor materials are insulators at absolute zero temperature that conduct electricity in a limited way at room temperature (see also Semiconductor). The defining property of a semiconductor material is that it can be doped with impurities that alter its electronic properties , and other 3D IC technology. These technologies enable three-dimensional vertical integration of two-dimensional integrated circuits Integrated circuits
Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. . They enable low power chips that are faster, smaller and less expensive than chips available today.
"Ziptronix continues to be an exciting investment opportunity," said Mitch Mumma of Intersouth Partners. "The company continues to make progress in advancing its technology and the management team is highly focused on getting to the next level of customer traction and revenue generation."
"This investment is a great endorsement by our investors of our solid performance and continued progress," said Phil Nyborg, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ziptronix. "This funding will allow Ziptronix to continue its growth and expansion as we move toward profitability."
About Ziptronix, Inc.
Founded in 2000, Ziptronix was created with technology from the Research Triangle Institute The Research Triangle Institute (RTI) is a non-profit research organization based in the Research Triangle Park (RTP) of North Carolina. RTI is the oldest tenant of this major research park, and the sister organization to the Research Triangle Foundation. (now RTI International) in order to commercialize ten years of research and development in the fabrication fabrication (fab´rikā´shn),
n the construction or making of a restoration. of three-dimensional integrated circuits. Its proven technology is being applied to development projects for major semiconductor companies. Ziptronix develops its process technology via on-site development facilities and provides support and limited production for 3-D ICs. For more information, please visit http://www.ziptronix.com.