ESD invests in Mosaic Microsystems
Empire State Development has invested $250,000 in Mosaic Microsystems, a Rochester based microelectronics and photonics packaging company.
This investment was provided by New York Ventures, the venture capital arm of Empire State Development. A total of $2.4 million in funding was raised in this round, led by strategic investors Samtec and Corning Inc. The company has also received substantial non-dilutive funding through the Department of Defense’s Small Business Innovation Research program, including a current Phase II project with GE Research and the Air Force Research Lab in Rome, Oneida County.
“Mosaic has unlocked the potential for volume manufacturing of 5G wireless filters and antennae in glass,” said Christine Whitman, CEO of Mosaic Microsystems. “The industry has recognized that thin glass has advantages over ceramic packaging, notably lower electrical loss. Despite these benefits, market adoption of glass has been limited due to tough challenges like glass wafer handling. Mosaic has solved these challenges and developed the ability to integrate new features.
Mosaic Microsystems is a semiconductor packaging company that has commercialized the use of thin glass substrates with through glass vias for next generation microelectronics and photonics, such as 5G technology. This portion of the seed financing will provide capital to expand Mosaic’s output, enabling the company to meet the needs of its growing customer base.
“New York Ventures and ESD are continuing to support the growth of diverse entrepreneurs in high-growth startups across New York State. The investment in Mosaic is yet another example of how the public and private sectors can work together to support technology innovation that strengthens our state’s global competitiveness in advanced manufacturing,” said Eric Gertler, ESD acting commissioner president and CEO-designate.
Mosaic Microsystems is a microelectronics and photonics packaging company located in Rochester, NY. Mosaic delivers robust solutions to enable thin glass products for initiatives in RF communications, particularly for 5G, as well as advanced packaging, MEMs and sensors for the internet of things. Mosaic solutions provide customers with the ability to establish high volume manufacturing of thin glass solutions using existing industry standard equipment and processes.