What does Mivium, Inc. do?
Mivium, Inc. is a semiconductor material science company based in Fremont, CA that specializes in advanced semiconductor materials. The company uses a patented manufacturing process to produce high-quality gallium nitride (GaN) substrates designed to outperform traditional silicon-based semiconductors in various industries such as power electronics, aerospace, telecommunications, AI infrastructure, photonics, and biotechnology.
How much did they raise?
The company closed a $5M equity financing round through the Equifund Crowd Funding Portal. This round, which contributes to a total funding amount of over $6.34M, did not list any lead or participant investors.
What are their plans for the money?
With the new funding, Mivium aims to bring its GaN particle prototype to market, followed by scaling up the production of its GaN substrates. This move is expected to significantly impact industries by providing superior semiconductor performance and driving innovation in power electronics and related fields.
What have they achieved so far?
Mivium has already made considerable progress by developing a patented manufacturing process for high-purity GaN substrates, positioning the company well as it moves its prototype closer to market readiness.
