Halo Industries raises $80m to scale laser manufacturing

Halo Industries, a US-based startup focused on advancing the manufacturing of silicon wafers for semiconductor industry, has closed an $80m Series B funding round. 

The round was spearheaded by Thomas Tull-backed US Innovative Technology Fund (USIT), with contributions from 8VC and SAIC. 

The company intends to use the funds for the expansion of its commercial operations and the broader adoption of its technology.

Halo Industries' laser-based tools and processing methods are designed to enhance manufacturing efficiency, precision, and quality, thereby reducing costs, waste, and environmental impact.

By GlobalData.

Full story at Yahoo News.