Kyma Technologies wins $4 million in funding
High purity GaN substrates will eventually allow GaN-based device manufacturers to eliminate processing steps and improve device quality over those grown on other substrates, such as sapphire and silicon carbide.
The funding round was lead by Digital Power Capital and Siemens Venture Capital, and supported by former Kyma investors.
“As a leading developer and supplier of semiconductor devices, Siemens is highly familiar with the role of GaN materials in maximizing device performance,” said Harald Kirchner of Siemens Venture Capital. “Kyma’s technology is a substantial improvement over current alternatives, and we believe Kyma will become a premier global GaN materials company.”
According to Kyma CEO and president Ed Pupa, the company continues to accelerate development of GaN substrates to optimize quality and reduce defect densities. It has received positive feedback from customers and numerous inquiries for product sampling.
Kyma has already increased its team of materials scientists, added expert advisors to its board and plans to significantly increase its staff by the end of 2003.
