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Halo Industries

Halo Industries IPO

$301.79MM
Series B-2 Valuation, Jul 2024
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Halo Industries IPO date and status

2014
Founded
IPO Mentioned
Confidential Filing
S-1 Filed
IPO

Company details

Halo Industries is a company specializing in semiconductor manufacturing solutions. Halo Industries was founded in 2014 and is headquartered in Santa Clara, CA. The company uses laser manufacturing technology for the development of silicon carbide wafers which are essential hardware components used in a range of applications including data and AI, cloud computing, and electric grid infrastructure. The company is focused on sustainability by offering an energy-efficient solution to power high-voltage electronic processes.
Subsector
Founded
2014
Headquarters
Santa Clara, CA, United States
Founders
Andrei Iancu, Ph.D., Andrew Bollman, Charlie Rudy, Luke Asperger, Philip Van Stockum
Forge Price 1
Price not yet available
Market Activity 2
Limited
Last Matched Price
Post-Money Valuation 3
$301.79MM
Total Funding
$120.28MM
Last Funding Round
Series B-2

Learn more about Halo Industries

To invest in Halo Industries pre-IPO

Can you invest in Halo Industries pre-IPO?

Halo Industries is privately held and not traded on public markets, so pre-IPO investments are available only to accredited investors.

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For more on who qualifies—and how to get verified—see our blog “Accredited investors, qualified clients and qualified purchasers: Who can invest?

Can you sell shares of Halo Industries before it goes public?

Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while Halo Industries is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform.

If you’d like additional guidance at any point, Forge private market specialists are available to help. For a step-by-step overview, check out our seller’s guide.

What is the pre-IPO value of my Halo Industries shares?

To explore the value of your Halo Industries shares, create a free account to access Forge’s marketplace. Once inside, you’ll find several pricing insights to help guide your decision—these include historical transaction data, a live order book showing current buy and sell interest, and Forge Price™, a derived, indicative price based on recent transactions, investor activity, and other relevant market data.

These insights can help you determine a price you’re comfortable with if you choose to sell your shares. If you’d like additional guidance along the way, Forge private market specialists are available to help. You can also review our seller’s guide for a step-by-step overview.

Is Halo Industries a publicly traded company?

Halo Industries is a private company and not publicly traded.

If you’re interested in buying or selling shares in private companies, you can register with Forge today for free to explore available opportunities. Once registered, you’ll gain access to our marketplace, where you can view active buy and sell interest, evaluate pricing signals and take action directly through the platform.

To learn more about Halo Industries potential IPO

Will Halo Industries go IPO?

Halo Industries has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.

What is Halo Industries’ IPO price?

The Halo Industries IPO price does not exist at this time, as Halo Industries is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Halo Industries, register for Forge today.

When was Halo Industries founded?

Halo Industries was founded in 2014.

What is Halo Industries funding to date?

Halo Industries has raised $120.28MM to date.

Halo Industries major investors

8vc
Atento Capital
California Energy Commission
Calseed
Cleantech Open
Fontinalis Partners
Harmonix Fund
Prime Movers Lab
Scatec Innovation
Stanford University
Stelac Capital Partners
U.S. Department Of Energy
Us Innovative Technology Fund
W Ventures
White Buffalo Capital

Halo Industries pre-IPO valuation and funding rounds

Funding history chart
Funding round and deals details
Funding Date Round Amount Raised Price per Share Post-Money Valuation 3 Key Investors
07/15/2024 Series B-2 $40MM $7.75 $301.79MM 8vc, Saic Capital, U.S. Innovative Technology Fund
Price per Share
$ xx.xx
Shares Outstanding
5,161,876
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Saic Capital, U.S. Innovative Technology Fund
07/15/2024 Series B $40MM $6.87 $301.79MM 8vc, Saic Capital, U.S. Innovative Technology Fund
Price per Share
$ xx.xx
Shares Outstanding
5,819,070
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Saic Capital, U.S. Innovative Technology Fund
07/15/2024 Series B-1 $13.5MM $6.19 $301.79MM 8vc, Saic Capital, U.S. Innovative Technology Fund
Price per Share
$ xx.xx
Shares Outstanding
2,181,873
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Saic Capital, U.S. Innovative Technology Fund
06/30/2021 Series A-1 $10.78MM $8.14 $148.37MM Fontinalis Partners
Price per Share
$ xx.xx
Shares Outstanding
1,324,222
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fontinalis Partners
06/30/2020 Series A $12MM $3.50 $69.6MM Prime Movers Lab
Price per Share
$ xx.xx
Shares Outstanding
3,427,002
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Prime Movers Lab
06/30/2019 Series Seed $4MM $1.58 $20MM Harmonix Fund
Price per Share
$ xx.xx
Shares Outstanding
2,535,978
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Harmonix Fund

Halo Industries IPO news and media highlights

Halo Industries Grabs US$80 Million in Series B Funding

Halo Industries, a Stanford University spinoff company developing and marketing a laser-based process for producing silicon carbide (SiC) semiconductor wafer substrates, announced that it had raised “up to US$80 million” in an oversubscribed Series B funding round led by investor Thomas Tull’s US Innovative Technology Fund (USIT). Halo says it will use the new cash to help “scale the commercialization and reach of its technology and advance its mission to establish the new gold-standard of silicon carbide substrate production.”

Halo Industries raises $80m to scale laser manufacturing

Halo Industries, a US-based startup focused on advancing the manufacturing of silicon wafers for semiconductor industry, has closed an $80m Series B funding round. The round was spearheaded by Thomas Tull-backed US Innovative Technology Fund (USIT), with contributions from 8VC and SAIC. The company intends to use the funds for the expansion of its commercial operations and the broader adoption of its technology.

Halo Industries Closes $80 Million Series B Funding Round Led by Thomas Tull’s U.S. Innovative Technology Fund

Halo Industries, Inc., the creator of a laser manufacturing technology platform for the semiconductor industry, today announced it raised up to $80 million in its oversubscribed Series B funding round. Led by Thomas Tull’s U.S. Innovative Technology Fund (USIT) with participation from 8VC and SAIC, the funding will help Halo Industries scale the commercialization and reach of its technology and advance its mission to establish the new gold-standard of silicon carbide substrate production.

Halo Industries Closes $80M Series B Funding Round

Halo Industries, a Santa Clara, CA-based creator of a laser manufacturing technology platform for the semiconductor industry, raised $80M in Series B funding. The round was led by Thomas Tull’s U.S. Innovative Technology Fund (USIT) with participation from 8VC and SAIC. The company intends to use the funds to scale the commercialization and reach of its technology. Led by CEO and Founder Andrei Iancu, Halo Industries has developed a range of proprietary innovations that replace traditional mechanical and thermal processes with novel light-based equivalents that provide higher quality, lower cost, and enhanced functionality.
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Private market movers

Track trading activity and investor momentum across thousands of private companies. Register to view last matched prices and additional transactional details.

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Artificial Intelligence (AI)

Company Forge Price Market Activity Last Matched
Anthropic Anthropic $259.14 -$13.84 (5.07%)High $xxx.xx
OpenAI OpenAI $723.12 +$0.12 (0.02%)High $xxx.xx
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Groq Groq $29.77 -$0.01 (0.03%)High $xxx.xx

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Updated on: Jul 16, 2025

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