Nov. 21, 2006 — Intematix Corp., a Fremont, Calif., materials developer and provider, announced it has raised $16.5 million in a Series C venture capital financing round led by Crosslink Capital and Samsung Ventures.

Additional participants included new investor Presidio STX (a Sumitomo Corp. subsidiary), and existing investors Draper Fisher Jurvetson, East Gate Capital and Pacifica Fund.

The company says the funding will be used for product line and market expansion, as well as intensified materials research and development.

Intematix is best known for its solid state lighting and display phosphors. “We’ve experienced a 300 percent increase in our phosphor revenues alone from last year to this,” said CEO Magnus Ryde in a prepared statement. He said that growth is providing the company with leverage across all of its material discovery fronts.

Intematix’s top-down design and rapid prototyping process uses combinatorial techniques to synthesize very large numbers of material combinations. This synthesis, and the characterization process that follows, is massively parallel in nature, thereby reducing the iterations required for discovery.

The company says the result is rapid development of new, customizable material compositions that are being applied to a variety of technologies including LED and display phosphors, scintillators, IC materials and fuel cell development.