Tech Company Financing Transactions
Polychromix Funding Round
Polychromix, operating out of Wilmington, secured $3 million from Seed Capital Partners, Siemens Venture Capital and Vanguard Ventures.
Transaction Overview
Company Name
Announced On
4/26/2005
Transaction Type
Venture Equity
Amount
$3,000,000
Round
Undisclosed
Proceeds Purpose
Polychromix will use the additional capital to expand its research and development activities to meet growing market demand for optical MEMS (MOEMS) applications.
Company Information
Company Status
Acquired or Merged
Industry
Components
Mailing Address
30 Upton Drive
Wilmington, MA 01887
USA
Wilmington, MA 01887
USA
Phone
Website
Email Address
Overview
Polychromix is a privately held company headquartered in Wilmington, Massachusetts. We are the developers of modular optical subsystems based on an innovative MEMS core technology that was initially developed with over US $8 million in DARPA funding at MIT, Sandia National Labs and Honeywells.
Management Team
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