SAN FRANCISCO Inline chemical metrology player Metara Inc. said Tuesday (Nov. 14) that it has completed an $11.5 million series E funding rounding. The company said it plans to use the additional funding to fund the market expansion phase of its metrology technology.
Metara (Sunnyvale, Calif.) said the round was led by existing investors VantagePoint Venture Partners and Cipio Partners. Compass Venture Partners and Merifin Capital NV also participated, Metara said.
"In the last year, Metara has strengthened its management team and done an extraordinary job of turning a complex semiconductor processing technology into a reliable, production-worthy metrology tool for optimum process chemistry yields," said David Fries, managing director of VantagePoint, in a statement. "Now, the priority is to build a strong global service infrastructure to support the anticipated sales trajectory and meet exacting customer requirements."
After maintaining a low profile for several years, Metara rolled out a pair of systems for the emerging compositional metrology market in June.