Despite tough times for chipmakers, semiconductor manufacturing industry supplier NexPlanar Corp. exploited niche technology for improving semiconductor manufacturing yields and reliability to raise $14.5 million in Series C funding to begin the first commercial shipments of its proprietary nanotechnology products.
NexPlanar said late Thursday that it landed InterWest Partners of Menlo Park, Calif., as the lead investor in the deal, joining previous investors BlueRun Ventures of Menlo Park, SmartForest Ventures of Portland, Ore., Fina Ventures of Santa Monica, Calif., Intel Capital of Santa Clara, Calif., and Entegris Inc. of Chaska, Minn.
The five-year-old Hillsboro, Ore.-based company recently started shipping its first chemical mechanical planarization, or CMP, products used to polish semiconductor wafers to potential customers for sampling, and will use the new capital to expand manufacturing capabilities and sales and marketing, particularly in Asia, where it expects to book the bulk of its sales.
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