Semiconductor material venture Kubos relocating from Cambridge to Wales

Sion Barry

16 May 2024 at 2:48 am·1-min read

Semiconductor venture Kubos is relocating to Wales following a £2.2m equity round investment boost. The business, which is relocating to Cardiff from Cambridge, is developing a new compound semiconductor material.

The investment round was led by the Development Bank of Wales with £670,000, alongside Dr Drew Nelson, the founder and former chief executive of one leading Welsh tech business IQE, the Angels Invest Wales Co-Investment Fund and business angels – together with an Innovate UK (IUK) £700,000 grant.

Kubo has chosen Cardiff University’s Sbarc building for its base, putting it at the heart of the compound semiconducter cluster in south Wales.

On the back of the investment the business is creating five roles, including a testing engineer, device manager and vice-president of development along with continuing technical development undertaken at Cardiff University and the University of Cambridge, where it is maintaining a presence

Kubos is working on a new compound semiconductor material called cubic gallium nitride (GaN) aimed at enabling next-generation microscopic scale, light-emitting diodes (LEDs), which find uses in small scale displays such as smartwatches and augmented or virtual reality devices.

Its technology improves the performance of diodes smaller than the width of a human hair, meaning they can be used in ultra-high resolution display screens for near-eye applications.

Dr Carl Griffiths, fund manager in the Technology Venture Investments team at the Development Bank, said: “Kubos’ proprietary technology has the potential to improve the user experience for lighting and displays and accelerate the adoption of microLEDs across a wide range of applications.

“We are proud to have worked with this exciting company of highly acclaimed engineers and scientists, and to have helped them relocate to Wales.”

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Semiconductor material venture Kubos relocating from Cambridge to Wales

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