Halo Industries secures $80m in Series B to revolutionize semiconductor manufacturing

Halo Industries, Inc., a pioneer in laser-based manufacturing technology for the semiconductor industry, has successfully closed an $80 million Series B funding round, signaling strong investor confidence. This round was led by the U.S. Innovative Technology Fund (USIT) managed by Thomas Tull, with significant contributions from 8VC and SAIC. The influx of capital is set to accelerate Halo Industries’ commercial efforts and further its mission to redefine the standard in silicon carbide substrate production.

The company’s cutting-edge laser technologies promise to transform traditional manufacturing by reducing costs, waste, and environmental impact. Halo Industries specializes in the production of essential materials for semiconductor devices, including silicon carbide (SiC) wafers. These wafers are crucial for the manufacture of high-voltage power electronics, offering enhanced performance and efficiency over traditional materials. SiC wafers are particularly valued in sectors demanding high power output and system performance, such as renewable energy and electric vehicles.

Founder and CEO of Halo Industries, Andrei Iancu, emphasized the strategic importance of this funding: “With the growing demand for energy-efficient power electronics, our innovative manufacturing solutions are key to advancing clean technology. We are thankful for the support from our partners who understand the unique value of our laser technologies. This investment lays the groundwork for future strategic initiatives that will redefine market dynamics and introduce new functionalities in device architectures.”

Peter Tague, Managing Partner at USIT, highlighted the strategic implications of Halo Industries’ advancements: “Semiconductors are vital for the U.S. to maintain its leadership in global technology. Halo Industries is crucial in this aspect by offering solutions that address major industry challenges. Their innovations not only support U.S. manufacturing competitiveness but also complement recent industrial policies, alleviating supply chain issues.”

Halo Industries’ technologies are versatile, applicable to a wide array of advanced materials like diamond, sapphire, and gallium nitride, among others.

Originating from PhD research into ultra-thin manufacturing for next-gen silicon wafers, the company quickly adapted its processes to meet the booming demand for SiC in various high-tech applications, including electric vehicles and solar energy systems. Currently, Halo is in volume production of SiC wafers and continues to expand its customer base and operational capabilities.

Halo Industries’ recent fundraising success is a testament to the critical role its laser manufacturing technology plays in the semiconductor industry. By focusing on innovation and efficiency, Halo is not just meeting the current demands but is setting the stage for future advancements across various high-impact sectors.