Nanotronics Imaging Brings In $30 Million
Nanotechnology startup Nanotronics Imaging completed $30 million in Series D financing led by Investment Corporation of Dubai. Founders Fund also participated in the round.
Nanotronics Imaging is a microscopy and software company that delivers rapid testing and analysis solutions to sectors ranging from materials science and semiconductors to life science and medicine. Nanotronics has automated wafer inspection through patented algorithmic and artificial intelligence technologies for dozens of customers, including some of the largest semiconductor and microprocessor fabricators in the world. According to the company, the deployment of Nanotronics’ products at customer sites has improved operating efficiency and process control, yielding both top and bottom line benefits to customers.
According to the funding announcement, Nanotronics will have raised a total of $71 million following the completion of this current financing. The company plans to use the funds to accelerate development of its optical inspection technologies and industrial enterprise software and to expand into the Asian market in 2018.