UK based Evince Technology, which develops breakthrough semiconductor devices using Lab-grown diamond, has raised GBP 750,240 in its latest round of funding, from Angels and private investors. The company describes it as the largest and most significant funding round till date. The funding along with the GBP 230,000 award from Innovate UK received last year, will enable the company to bolster its technology development and patent portfolio.
Electronics industry is facing physical limitations of silicon and Evince Technology believes diamond (fundamentally carbon) will lead the 21st century electronics as silicon did to the 20th. It has developed a way to convert diamond, which is world’s best insulator to an efficient and controllable conductor without using vacuum. This way, Evince is developing a completely new family of solid-state devices including Diode, Embedded Field Emission Triode and Bidirectional Switch. These devices empowered by superior electro-thermo-mechanical properties of diamond will be a boon for Power electronics, Extreme environment devices, Ultra-high frequency devices and Advanced computation.
Non-availability of high quality substrate material in abundance was a problem in the past. With Lab-grown diamond industry and technology evolving and reaching to a level to cater the needs of electronics industry, it can provide high quality material in single crystal, polycrystal and nano-crystalline forms with required wafer sizes. The availability of choices of material characteristics helps pick up the most appropriate material for any given application. Evince Technology says, the scaled production cost of diamond is expected to match that of all other major wide-bandgap material used today.
The company’s rigorous development program to deliver the first prototype became one of the key points for investors while making investment decisions. The lead investor James Morton said,
“…Diamond offers the potential to yield devices that are up to 100x faster than silicon and could therefore revolutionize electronics across a broad range of industries and multi-billion dollar markets…”
Evince had earlier planned to develop and market its own products to power and solar industry. It was restructured in 2013 to focus on core robust technology and expand its target application. The company will license its patented Lab-grown diamond processing technologies to its semiconductor manufacturing partners.