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Fukushima SiC Applied Engineering Inc. Raises USD 30 Million (JPY 3.1 Billion) in Series C Funding

Sep 07, 2020•almost 5 years ago

Amount Raised

$30 Million

Round Type

series c

Fukushima

Description

Fukushima SiC Applied Engineering Inc., the Naraha, Fukushima headquartered Silicon carbide technology company developing the next generation of BNCT* radiotherapy solutions, has raised USD 30 million (JPY 3.1 billon) in Series C funding from investors including C:iz Investment LLP, Japan Post Investment Corporation, Astellas Venture Management LLC, and SMBC Venture Capital Co., Ltd. The funds are expected to be used for BNCT related pre-clinical and clinical trial activities in Japan as well as activities to expand its overseas activities including efforts to obtain regulatory approvals.

Company Information

Company

Fukushima Si C Applied Engineering

Location

Fukushima, Japan

About

[Fukushima SiC Applied Engineering Inc.] We are a technology venture company that is primarily engaged in the development and manufacture of power electronics products using SiC semiconductors. The company aims to promote the adoption of SiC semiconductors, by developing innovative power electronics technologies to create solutions to problems that has been difficult or impossible to solve with conventional silicon semiconductors. We develop and produce products that apply these technologies for the global market at our headquarters and production facilities in Fukushima in order to contribute to the recovery from the earthquake disaster. Website: http://en.fukushima-sic.co.jp/

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