US-based conductor technology maker Cambrios Technologies secured $10m on Tuesday in a series B round led by Samsung Venture Investment Corporation (SVIC), electronics company Samsung’s corporate venturing unit.
Founded in 2002 and previously known as Semzyme, Cambrios manufactures silver nanowire-based transparent conductors that are used in electronic devices.
SVIC previously invested $5m in Cambrios in 2011, and the company has raised $79m across multiple rounds, according to press releases and SEC filings, including a $14.5m series D round in 2009.
Previous investors include conglomerate Sumitomo’s two corporate venturing units, Presidio Ventures and Sumitomo Ventures, as well as Mitsubishi UFJ’s venture capital unit, Lux Capital, Oxford Bioscience Partners, Alexandria Real Estate Equities, Alloy Ventures, Altitude Life Science Ventures, Avalon Ventures, Harris & Harris Group, Headland Ventures, In-Q-Tel, Kidron and Arch Venture Partners.
“SVIC’s second investment in Cambrios confirms the importance of our technology and our specific materials for the display industry,” said John LeMoncheck, chief executive of Cambrios. “Samsung’s shareholding will reinforce our leading position and help serve our customers better.”