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Crystal IS Raises $10.6 Million in Second Round Financing

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Crystal IS Inc. has raised $10.6 million in its second financing round. The investor syndicate was led by Lux Capital, with participation by Arch Venture Partners, 3i, Credit Suisse, Taiwanese Linkmore Ltd. and Harris & Harris Group. Founded in 1997, Crystal IS is commercializing single-crystal aluminum nitride (AlN) substrates for the cost-effective production of high power, high temperature and optoelectronic devices such as blue and ultraviolet lasers. In September 2004, Crystal IS raised $5.1 million in its first round of funding to commercialize AIN growth. Earlier this year, the...Read full article

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    Published: August 2006
    Glossary
    nanotechnology
    The use of atoms, molecules and molecular-scale structures to enhance existing technology and develop new materials and devices. The goal of this technology is to manipulate atomic and molecular particles to create devices that are thousands of times smaller and faster than those of the current microtechnologies.
    optoelectronic
    Pertaining to a device that responds to optical power, emits or modifies optical radiation, or utilizes optical radiation for its internal operation. Any device that functions as an electrical-to-optical or optical-to-electrical transducer. Electro-optic often is used erroneously as a synonym.
    ultraviolet
    That invisible region of the spectrum just beyond the violet end of the visible region. Wavelengths range from 1 to 400 nm.
    AINCrystal ISfinancinginvestmentMEMSnanotechnologyNews BriefsoptoelectronicPhotonics Tech BriefsRPIsubstrateultravioletLasers

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