News Article
Inpria bags $1.45 million to accelerate technology development
Inpria Corporation, a specialist in high-resolution photoresists, has announced that it has received additional equity investment and commitments totalling $1.45 million. This financing was led by the Oregon Angel Fund with a $1 million investment and with additional participation from individual members of the Fund providing the remainder. Earlier this year the company announced $7.3 million in funding and commitments from Samsung Venture Investment Corporation, Applied Ventures, LLC, and Intel Capital. With this most recent financing, total invested and committed funds to the company now exceed $9.9 million. This infusion of capital will allow the company to accelerate both technology development and hiring plans in the state of Oregon. "Semiconductors have long been at the heart of the Portland technology and start-up communities, and so it's very appropriate that our newest investors have such strong ties to Silicon Forest," shares Andrew Grenville, CEO of Inpria.
"Many Oregon Angel Fund investors possess extensive semiconductor industry expertise having held senior positions at companies such as Intel, HP, Mentor Graphics, TriQuint, and Tektronix. We immediately recognised the wealth of experience and potential guidance available from Fund members, so we are thrilled to have their support," Grenville continues.
Tom Kingsley, Oregon Angel Fund investor and Inpria board observer says, "The Oregon Angel Fund seeks to invest in young growing companies like Inpria - companies developing important and impactful products using Oregon-based resources and teams. We believe Inpria, an Oregon State University spinout and an ONAMI (Oregon Nanoscience and Microtechnologies Institute) portfolio company, is part of the next wave of semiconductor innovation. Their products have the potential to improve the size, structure and performance of computing devices." Inpria is commercialising a portfolio of photo-condensed molecular oxides - chemical materials designed to extend Moore's Law, the drumbeat that has characterised progress in the semiconductor industry for almost 50 years.
With a focus on extreme ultraviolet (EUV) lithography, Inpria's patented inorganic photoresists provide nanoscale imaging below 20 nm to enable continued scaling of electronic devices. The company's portfolio also includes materials for other emerging semiconductor patterning technologies.
"Many Oregon Angel Fund investors possess extensive semiconductor industry expertise having held senior positions at companies such as Intel, HP, Mentor Graphics, TriQuint, and Tektronix. We immediately recognised the wealth of experience and potential guidance available from Fund members, so we are thrilled to have their support," Grenville continues.
Tom Kingsley, Oregon Angel Fund investor and Inpria board observer says, "The Oregon Angel Fund seeks to invest in young growing companies like Inpria - companies developing important and impactful products using Oregon-based resources and teams. We believe Inpria, an Oregon State University spinout and an ONAMI (Oregon Nanoscience and Microtechnologies Institute) portfolio company, is part of the next wave of semiconductor innovation. Their products have the potential to improve the size, structure and performance of computing devices." Inpria is commercialising a portfolio of photo-condensed molecular oxides - chemical materials designed to extend Moore's Law, the drumbeat that has characterised progress in the semiconductor industry for almost 50 years.
With a focus on extreme ultraviolet (EUV) lithography, Inpria's patented inorganic photoresists provide nanoscale imaging below 20 nm to enable continued scaling of electronic devices. The company's portfolio also includes materials for other emerging semiconductor patterning technologies.
