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Kionix Closes $28.5 M Funding Round

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ITHACA, N.Y., Feb. 5 -- Kionix Inc., a supplier of microelectromechanical systems (MEMS) technology, announced it has closed a $28.5 million financing round, which includes past investors such as the Cayuga Venture Fund, CMI International Investment Corp., Integrated Acquisition and Development Corp., Rocktech Inc. and a number of individual investors. New investors include the leader of the round, Lurie Investments, along with Advantage Capital Partners, Allen & Company Inc., Enhanced Capital Partners LLC, Gefinor Ventures, Onondaga Venture Capital Fund LLC, Rand Capital SBIC LP, Tompkins...Read full article

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    Published: February 2004
    Glossary
    microelectromechanical systems
    Refers to micron-size complex machines that have physical dimensions suitable for the fabrication of optical switches for use in state-of-the-art communications networks.
    Cornell Universityindustrialinertial sensorsKionixMEMSmicroelectromechanical systemsmicromachined devicesNews & FeaturesSensors & Detectors

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