Finland-based Comptek Solutions raises €8M to advance tech for semiconductor devices

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Turku-based Comptek Solutions, a Finnish company boosting the efficiency of compound semiconductor devices, announced on Tuesday, August 15, that it has secured €8M in a Series A round of funding.

The funding, combined with a previous €2.45M grant from the EIC Accelerator, highlights confidence in Comptek Solutions’ technology and growth potential in the industry.

Investors in this round

The investment came from a key strategic partner in the consumer electronics industry, the Horizon Europe EIC Fund and LIFTT S.p.A., an Italian venture capital firm focused on early-stage investments in startups and SMEs with high growth impact and ESG.

Svetoslava Georgieva, Chair of the EIC Fund Board, says, “Comptek Solutions has proven to be a leading innovator in the rapidly growing market for compound semiconductor devices with the unique passivation technology they have.”

“We are pleased to support Comptek’s journey as they bring disruptive solutions to fill the gap in the market on a global scale. Their technology can be instrumental in faster adoption of crucial technologies such as 5G/6G communications, AR/VR, mobility, IoT, and quantum computing.”

Pierluigi Freni, Project Manager of LIFTT S.p.A., adds, “Passivation is an essential factor of advanced optoelectronic chip manufacturing and Comptek Solutions is a key driver in this crucial niche.”

“Their solution disrupts the value chain by introducing a novel processing technology that enables unprecedented levels of chip efficiency and helps to significantly reduce production costs.”

Capital utilisation

Comptek Solutions says it will use the funds to scale up its growth, push forward its technological advancements, and expedite the industrialisation and deployment of its technology for upcoming applications in optoelectronics and power electronics.

Vicente Calvo Alonso, CEO and co-founder of Comptek Solutions, says, “Closing this investment round is a very important stepstone in our path towards wider market entry and scale-up of the company. In these first years, despite limited resources, we have made crucial developments to validate our technology and its fit into important semiconductor applications such as optoelectronics and power electronics.” 

“Thanks to our commitment to continued R&D excellence and creating value for customers through our technology and innovation, we have generated a solid customer base and are now set to roll out our first full turnkey solutions for passivation of edge-emitting lasers using the company’s proprietary passivation technique and custom-built equipment.”

“With the proceeds from this recent financing round, we will accelerate the growth of our team and technology portfolio to provide the most efficient passivation solutions for other core fields of applications, such as power electronics where key European manufacturers have already committed to collaborating with us,” adds Alonso.

Brief about Comptek Solutions

Founded in 2017 by Jouko Lång and Vicente Calvo Alonso, Comptek Solutions originated from the University of Turku, Finland. The company claims to be a leader in passivation technology for the global semiconductor industry.

Its core technology, Kontrox, was developed by Lång and a team of material scientists and semiconductor engineers.

Comptek Solutions specialises in III-V compound semiconductor quantum surface engineering with their innovative Kontrox technology. This technology significantly reduces interface defect state density, leading to enhanced efficiency and manufacturing yield for devices like opto- and power electronics. 

Kontrox offers benefits such as improved gate voltages, quantum efficiency, and lower leak currents. It eliminates the need for additional passivation processes due to its inert crystalline structures. Integration into existing manufacturing steps is simple, requiring minimal equipment changes. 

Comptek’s solutions provide added value to epitaxial makers, foundries, and IDMs by increasing product competitiveness and reducing manufacturing costs.

According to a statement by Comptek, the compound semiconductor market is expected to grow at a CAGR of 11.6 per cent by 2031, driven by key application drivers. 

Comptek says its Kontrox technology is set to further boost this growth by providing global integrated passivation solutions, leading to more reliable, energy-efficient, and cost-effective devices in next-gen electronics and communication.

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Vishal Singh

Vishal Singh is a News Reporter and Social Media Marketing Lead at Silicon Canals. He covers developments in the European startup ecosystem and oversees the publication's social media presence. Before joining Silicon Canals, Vishal gained experience at the Indian digital media outlet Inc42, contributing to its growth with insightful content. Despite being a college dropout, his passion for writing has driven his career in journalism.

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