GEO Semiconductor Obtains $2,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3b85f7b5-6805-4f6f-bd5e-2d7294075229&Preview=1
Date
9/28/2010
Company Name
GEO Semiconductor
Mailing Address
2350 Mission College Blvd Santa Clara, CA 95054
Company Description
Geo Semiconductor Inc. has acquired the assets related to two unique pixel processing platform technologies and the associated IC businesses from Silicon Optix. Both the Realta and GEO IC’s are in production. The transaction closed on May 11, 2009, and has made GEO the absolute leader in video and geometry processing!
Website
http://www.geosemi.com
Transaction Type
Debt, Venture Equity
Transaction Amount
$2,000,000
Transaction Round
Undisclosed
Proceeds Purposes
This financing will enable us to further penetrate key high volume growth opportunities that include correcting color & brightness uniformity issues in LED-backlit LCD displays as well as correcting optical anomalies and sensor pixel non-uniformity issues in smartphones.
M&A Terms
Venture Investor
Montage Capital
Venture Investor
Harris & Harris Group
Venture Investor
Undisclosed