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Portland, ORE.—Corvallis-based Inpria Corp. has secured $4.6 million of what could be a $7.3 million funding round, according to documents filed with the Securities and Exchange Commission.
Inpria is one of more than 30 companies who got their start as ONAMI Commercialization Program gap grant recipients, as well as one of the earliest, having been awarded initial funding by ONAMI in 2007.
The company, which is a spinoff of Oregon State University, declined to comment on the round at this time, said president Andrew Grenville.
Inpria is developing high-performance, thin-film technology that can be used by many markets including the semiconductor industry. The company raised a Series A round in 2011, which it was one of three OSU spinoffs to land a cumulative total of $20 million. The company has also been funded with federal research commercialization dollars, about $1.3 million, from the National Science Foundation’s Small Business Innovation Research (SBIR) grant program.
This press release is based on the original Portland Business Journal release.
ONAMI’s gap company portfolio emcompasses innovative Oregon-sourced ventures in:
See the complete list at http://www.onami.us/commercialization/current_gap_projects.