Halo Industries, create novel laser-based hardware systems for materials fabrication has secured $80M Series B Funding Round Led by Thomas Tull’s U.S. Innovative Technology Fund (USIT) with participation from 8VC and SAIC.
Read also – [Funding News] Neuspera Medical Secures $23 Million Series D Funding
With the support of this funding, Halo Industries will be able to expand the commercialization and reach of its technology, furthering its goal of becoming the industry leader in silicon carbide substrate production. Halo’s technical and operational growth has positioned the company to become the industry leader in SiC wafering. As Halo builds its capabilities, we remain committed to the team’s core passion for making the world a cleaner, healthier, and more efficient place to live.
Read also – [Funding News] Modicus Prime Raises $3.5 Million Seed Funding led by Silverton Partners
“Amid the explosive growth in demand for next-generation power electronics with improved energy efficiency, our laser-based manufacturing tools and SiC production are critical components for maintaining momentum in clean tech development,” said Andrei Iancu, Halo Industries founder and CEO. “We are incredibly grateful to have savvy partners who recognize the differentiated value of our innovative laser technologies and support our rapid growth. This financing will serve as the foundation for our future strategic engagements where our innovations can reshape market economics as well as enable entirely new device architectures and functionalities.”
“Semiconductors are a critical technology area for the U.S. to remain a global leader in, and Halo Industries plays a pivotal role by offering tools that solve some of the biggest pain points in the industry,” said Peter Tague, Managing Partner of USIT. “Halo Industries allows U.S. companies to onshore manufacturing by competing on innovation, efficiency and cost, creating a durable advantage that is additive to recent industrial policies and eases supply chain challenges. We see a bright future for Halo Industries to foster innovation across industries and diverse applications, from renewable energy and electric vehicles to telecommunications, grid infrastructure, and defense customer bases.”
About Halo Industries
Halo Industries is primarily using its proprietary, laser-based tools and processing technologies to produce high-quality silicon carbide (SiC) wafers, solving one of the industry’s biggest pain points. SiC wafers represent the foundational building block for the fabrication of the world’s most efficient high voltage power electronics, making them a critical element in the global drive toward sustainable electrification.
Halo’s manufacturing innovations significantly increase SiC wafer yield and quality, accelerating growth opportunities for multiple downstream applications, including electric vehicles (EVs), EV charging stations, solar/wind power electronics, electric grid infrastructure, industrial motor drives, HVAC, electric rail/transit, and aerospace/defense.
