GREENVILLE, SC—Selah Technologies, a company making advanced nanotechnology materials, has closed on a $1.5 million Series A private financing round. The company says the funding will help it commercialize it’s core nanomaterial platforms.
The company has also received support and a $200,000 investment from SC RA and SC Launch.
Selah, founded in 2006, makes Selah Dots and Selah Tubes. Selah Dots are carbon-based quantum dots that can be used for various applications, including life sciences, solar cells and anti-counterfeiting, among others. One potential application is in cancer treatment.
Selah Tubes, enriched carbon nanotubes, have a number of applications due to their impressive electrical conductivity properties. That includes potential for use in LCD screens, HDTVs, and other electronics.
”We are grateful for the confidence our investors have shown in our company. We appreciate the investment they have made and recognize the important responsibility we have to remain good stewards of that investment and their trust,” says Michael Bolick, CEO of Selah Technologies.
The company’s Web site says its growth strategy is to leverage relationships with market leading companies to establish joint research and development agreements that provide it with working capital such as personnel, equipment and materials or cash from licensing fees.
Selah moved into lab space in the Clemson University incubator facility in Pendleton, SC in Janurary. The company licensed its intellectual property on nanotech from Clemson.
On the Web: www.selahtechnologies.com
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