Element Six Announces The Opening of Office in Silicon Valley
It's located in Santa Clara...Synthetic diamond supermaterials group, Element Six Ventures, announced the opening of its new representative office in Silicon Valley, which is located in Santa Clara, CA at a planned Element Six production site.
The new site will allow the De Beers subsidiary to broaden its portfolio of early-stage emerging-technology investments in the region. To date, the firm, which specializes in seed to late-stage technology ventures, has invested in seven portfolio companies operating within the clean-tech, semiconductor and electronics sectors.
Some of these portfolio companies include: California-based Group4 Labs, which develops Gallium Nitride-on-diamond semiconductor wafers for high frequency communication applications; Massachusetts-based EOI, which harnesses synthetic diamond-enabled electrodes to generate ozone for chemical free sterilization and sanitation of water; and U.K.-based Diamond Detectors, which manufactures synthetic diamond radiation detectors which are used on the Large Hadron Collider at the European Organization for Nuclear Research (CERN).
"Synthetic diamond's extreme properties enhance performance in new technology applications to levels not otherwise possible," said Susie Wheeler, managing director of Element Six Ventures Group. "Locating the Ventures' office in Silicon Valley allows us to connect with new partners who, like us, want to develop these emerging technology investments."
Wheeler added, "As well as capital, our team is able to leverage over 60 years of synthetic diamond material innovation, technological and commercial expertise. This know-how will enable our new capital partners to mitigate risk, and our portfolio companies to successfully accelerate market entry and profitability."
By: Ricci Dipshan of RAPAPORT
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