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FLX Micro secures further backing

SiC-based MEMS manufacturer FLX Micro has closed an additional round of venture financing.
FLX Micro of Solon, OH a developer of advanced MEMS products based on its proprietary technology platform in silicon carbide microfabrication, has announced that it has closed on additional venture financing. Participating investors include Reservoir Venture Partners, Waypoint Venture Partners, The Entrepreneurs Fund and Ohio Innovation Fund, a prior investor.

FLX Micro is also the home of the multi-user SiC (MUSiC) scheme, which allows small numbers of designs by various customer to be processed on a SiC wafer. Much of the funding for MUSiC has come from the Glennan Microsystems Initiative, a non-profit organisation that includes government laboratories and private companies, that is helping to accelerate the commercialization of microsystems technologies.

“In a very difficult funding environment, this financing reflects the customer traction and technical progress that has been made at FLX,” said Bob Lynch, president and CEO. “The funds will be used to further commercialize silicon carbide micromachining by porting the process developed at Case Western Reserve University to an additional MEMS fabrication facility. We also plan to add product engineers to allow us to leverage our proprietary processes at the product level in close collaboration with our established customer base.”

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