Semprius, a developer of high concentration photovoltaic (HCPV) solar modules, has raised $20 million in its third round of venture capital, which was led by Siemens Venture Capital, the company announced.
Founded in 2005, Semprius is a spin out of the University of Illinois that is commercializing a process for printing high performance single crystal semiconductors on any substrate, including glass, plastic and other semiconductor materials. SMARTENERGYNEWS

What I’ve started to observe is that we’re certainly headed for a bit of a brick wall for early-stage companies. The explosion in number of startups coupled with the decrease in numbers & dollars of VCs portends this.
As an industry this is probably OK. Creative destruction is what drives capitalism and innovation. Some startups won’t make the cut but those founders will have developed invaluable skills and will join the ranks of the survivors. I’m proud to see this creative destruction happening more prevalently in the US right now because …