Phoseon Technology Secures $1.3M in Funding

Phoseon Technology announced that it has closed a convertible note in excess of $1.3 million, bringing the total amount of funding raised to date to $9.2 million. The financing round closed Aug. 31, and included all of the existing venture investors, a new institutional investor and individual private investors connected to Phoseon’s target markets, the company said. Phoseon, based in Hillsboro, Ore., makes solid-state light sources and associated systems based on the company's patented Semiconductor Light Matrix (SLM) technology for applications such as industrial printing, adhesives and coatings. Its infrared products and systems are primarily used in semiconductor applications for inspection of wafers and MEMS (microelectromechanical systems) devices. The returning institutional investors include Fluke Venture Partners of Seattle, SmartForest Ventures and Capybara Ventures of Portland, Ore., and PacRim Ventures of Menlo Park, Calif.