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Print Edition StoriesNewton semiconductor technology company Mears Technologies Inc. has bumped up its August fundraise from $5.6 million to $7 million, federal documents state.
A filing with the U.S. Securities and Exchange Commission shows that the Mears has added nine new backers to the latest tranche of the funding, kicking the number of backers from 55 to 64. Those investors were not identified in the SEC document, and the Mears website does not list any backers.
Founded in 2006, Mears says it serves the semiconductor industry by reducing gate leakage, saving power and money, in chip manufacturing. The Mears Silicon Technology (MST) platform is also made to fit into semiconductor manufacturing processes without requiring new equipment and materials. The MST technology allows for the creation of a "nano-doped" layer of silicon to be used in the manufacturing of things such as silicon solar photovoltaic wafers.
Mears Technologies is led by founder, president and CTO Robert J. Mears, who led development of the MST platform. The company was previously known as RJ Mears LLC, and raised the first, $5.6 million tranche of its round in August.
A call for comment to Mears was not immediately returned.
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