Updated Jan. 7, 2010 at 3:45 p.m.
HexaTech
Semiconductor chip firm HexaTech raises $300,000 in debt financing
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MORRISVILLE, N.C. – Semiconductor firm HexaTech, which is focused on development of chips made from aluminum nitride substrates, has raised $300,000 in debt financing, according to a filing with the Securities and Exchange Commission.
({{a href="external_link-6762109"}}Read the filing by clicking here.{//a}})
HexaTech utilizes technology developed at North Carolina State University.
Financial backers of HexaTech include Durham-based Intersouth Partners. In 2007, HexaTech won a $2 million grant from the federal government.
HexaTech landed $8.9 million in Series A funding in late 2005 from Intersouth and other investors. The company launched in 2001.
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