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The Boston Globe

Business

1366 Technologies secures $15m to build a full-scale silicon wafer factory

Silicon wafer manufacturer 1366 Technologies, which recently opened a demonstration factory in Bedford, said Tuesday that it has secured $15 million in Series C funding, bringing the company’s total amount raised to $62 million.

The lead investor is Tokuyama Corp., Japan’s largest producer of ultra-pure silicon and a strategic partner of 1366’s. Returning investors include North Bridge Venture Partners, Polaris Venture Partners, VantagePoint Capital Partners, and Energy Technology Ventures, a joint venture involving General Electric, NRG Energy, and ConocoPhillips, 1366 Technologies said in a press release.

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