Wednesday, August 08, 2012

In-Q-Tel Invests in SiOnyx

PR Newswire: SiOnyx announces a strategic investment and technology development agreement with In-Q-Tel (IQT), the independent strategic investment firm that supports the US Intelligence Community. Through this strategic partnership, SiOnyx will accelerate the integration of Black Silicon VIS/NIR/SWIR image sensors in low cost imaging systems.

"We are excited to have In-Q-Tel as a strategic investor and partner," said Stephen Saylor, SiOnyx CEO. "Our partnership will expand our platform capabilities to include applications that will potentially address the needs of the government market while accelerating our entry into next generation consumer and commercial opportunities."

Update: Boston Business Journal says that SEC filings indicate SiOnyx has closed a $6.9M venture financing, last quarter – representing its Series C venture capital round. So far SiOnyx has raised more than $30M, and is looking to add another $9 million to its Series C round.

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