07.31.2014 Williams Mullen represents SBA Materials in Obtaining Financing from Samsung Venture Investment Corporation and others
A team of Williams Mullen attorneys led by Rob Tyler was instrumental in the successful closing of SBA Materials’ Series C financing round. New investors in this round were Samsung Venture Investment Corporation (SVIC) and Sun Mountain Capital. Also participating were existing investors: SBA’s co-founder William Cook, Intel Capital, Southern Cross Venture Partners and Rock Hankin. Dong-Su Kim, Vice President at SVIC, will join SBA’s board of directors. SBA plans to use the proceeds from this financing round to accelerate the commercialization of its Liquid Phase Self Assembly (LPSA) based ultra low-k dielectric coatings as well as extend its product portfolio to address applications beyond the semiconductor devices market. The press release from SBA Materials is available here.
About Samsung Venture Investment Corporation:
Samsung Venture Investment Corporation manages investment and investment-‐ related activities for Samsung affiliate companies. The investment mandate for Samsung Venture Investment Corporation tracks closely to the strategic priorities of Samsung affiliate companies' core operating divisions, and encompasses investments in semiconductors, displays, telecommunications, and consumer electronics. More information is available at http://samsungventures.com/.
About SBA Materials
SBA Materials is a leader in development of nano-porous dielectrics. SBA's patented Liquid Phase Self Assembly technology enables the design of advanced siloxane-based materials with a broad range of porosities and a unique combination of electrical, optical and mechanical properties. This unique class of materials has applications in significant markets ranging from energy storage to high performance logic chips. SBA’s liquid processable low-k dielectric has the potential to improve the performance of advanced micro-processors while significantly reducing their power consumption. More information is available at www.sbamaterials.com.