Azzurro Semiconductors is a manufacturer of GaN epitaxial wafers for large-area silicon substrates located in Mardeburg, Germany. The company has an investment of approximately 14.5 million euros.
According to the company, this financing will provide the company with sufficient production capacity to solve huge market demand, and plans to establish a production facility in Dresden.
Funding was funded by new investors, Wellington Partners, Good Energies and Emerald Technology Ventures, and former investors Cedrus Private Equity and IBG Innovationsfonds (managed by GoodVent).
Azurro's on-silicon GaN epitaxial wafers are used by the power electronics industry to produce high-performance devices or used by the LED industry to produce inexpensive high-brightness LED lamps.
The LED industry has accepted GaN but most of this relies on small diameter sapphire substrates, which have supply and cost constraints. Azzurro offers a platform for LED manufacturers to process wafers on standard silicon production equipment with high productivity. Azzurro said that when traditional technologies are put together for comparison, a large portion of the expenditure can be saved while maintaining the same performance.
Azzurro's CEO, Erwin Wolf, said, "The Azzurro team has spent the past seven years working to make the core technology platform commercialized." Wolf also explained that the basic technology used by Azzurro is from the University of Maddgar ( Oloy's Aloys Krost and Armin Dadgar were invented in 1999-2006 and then completely transferred to Azzurro.
“We have received a lot of encouragement from our customers, and now we are investing more and more power to fully support our plans to continue to grow our customers,†Wolf said. “We are very pleased to be able to successfully introduce significant funds to fund our first production site in Dresden.â€
“We agree with Azzurro's idea of ​​building a large-capacity foundry of GaN epitaxial wafers to speed up industry acceptance,†said Christian Reitberger, General Partner of Wellington Partners. “With this growth rate, Azzurro will bring expectations to the entire industry. Long-lasting benefits of GaN-on-Si and large-scale economies. We look forward to supporting Azzurro to further build a world-class executive team to achieve this promise."
After the investment, Christian Reitberger (Wellington Partners), Frank Siebke (Good Energies) and Markus Moor (Emerald Technology Ventures) will join Azzurro Semiconductors' Supervisory Board.
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