SiOnyx, a US-based developer of solar power semiconductors backed by laser maker Coherent, has raised an undisclosed amount from In-Q-Tel, the quasi-corporate venturing unit of the US government’s intelligence services.
In April, SiOnyx said in a regulatory filing it had raised $6.9m of a planned $16m series C round.
http://www.sec.gov/Archives/edgar/data/1366388/000136638812000001/xslFormDX01/primary_doc.xml
In November, the US Department of Defense gave SiOnyx a $3m contract to build next-generation laser targeting systems.
Syd Ulvick, senior vice-president in charge of IQT’s physical and biological Technologies practice, said: “SiOnyx has developed a highly differentiated platform for advanced imaging systems utilizing their proprietary CMOS image sensor technology.
“The company’s unique approach opens a host of new opportunities for wide scale deployment of advanced imaging systems.”
Stephen Saylor, chief executive of SiOnyx, added: “Our partnership will expand our platform capabilities to include applications that will potentially address the needs of the government market while accelerating our entry into next generation consumer and commercial opportunities.”
In October 2010, SiOnyx raised $12.5m in its series B round from a consortium including laser maker Coherent.
The other members of the B round’s investment consortium were venture capital firms Crosslink Capital, Vulcan Capital, Harris & Harris Group and Polaris Venture Partners.
SiOnyx was incorporated in 2005, secured a licence from Harvard University in early 2006, and obtained $11m in venture financing from Harris & Harris, Polaris Venture Partners, and RedShift Ventures in 2007, according to news provider Xconomy.