Technical Insight
EpiWorks raises $13.5 M in financing (Materials and equipment)
EpiWorks raises $13.5 M in financing EpiWorks, a manufacturer of compound semiconductor epiwafers based in Champaign-Urbana, IL, has received $13.5 million in financing from leading investors, including CIBC World Markets. The company raised $8.5 million in working capital by offering series C preferred stocks. EpiWorks also secured over $5 million in debt financing from other sources to expand its new production facility and equipment set. Founded in 1997, the company employs low-pressure multi-wafer MOCVD systems capable of volume production of 50, 100 and 150 mm epitaxial wafers for optoelectronics applications.
