Cambrios closes $14.5 Million in series D financing round
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Bangalore: Cambrios, a maker of conductive films used in electronic displays and monitors, has raised $14.5 million in a fourth round of venture capital funding. All of the company's existing institutional preferred shareholders participated in the round, including ARCH Venture Partners, Alloy Ventures, Oxford Bioscience Partners, Harris and Harris Group, Altitude Life Science Ventures, Presidio Ventures, Mitsubishi UFJ Capital, In-Q-Tel, Avalon Ventures, Lux Capital, Kidron LLC, Headland Ventures and Alexandria Real Estate Equities. Founded in 2002, and based in Sunnyvale, California, Cambrios is a nanotechnology startup whose first product, called ClearOhm, is a coating material that can be used for making liquid-crystal display screens, light-emitting diodes and solar thin films. The company's key customers are mostly in the consumer electronics industry at the moment. Also, Cambrios has a development agreement with Nissha to use ClearOhm for making touch screens. In solar, a transparent conductive oxide, such a zinc oxide or indium-tin oxide, is layered on solar cells to act as electrodes. Cambrios claims that its coating could replace those more common oxides to boost performance. "We are very grateful to our investors for their continued support. In addition, we have an excellent relationship with our strategic partners and there is tremendous mutual commitment to achieving our collaborative business goals. The company is very lucky to have them as investors," said Michael Knapp, President and CEO, Cambrios. Vinod Mahendroo is the Chief Operating Officer (COO) and is responsible to lead all of the company's product commercialization efforts and serve as the principal architect of the company's business strategy. Currently, there are about 50 employees in the company.

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