LONDON Nanda Technologies GmbH (Unterschleissheim, Germany), a startup company developing wafer-inspection products, has raised $4 million from Capital-E and KfW working alongside existing shareholders. The company said it will use the money to support pre-production evaluations at semiconductor manufacturers.
Nanda was founded in 2006 and has developed a system for high-throughput full wafer inspection based on a proprietary optical design combined with innovative image processing software. Nanda claims it can increase the speed of inspection while maintaining high sensitivity, resulting in a reduced cost per wafer.
The company raised $8 million in a Series B round conducted in
The compact design of Nanda's inspection system makes it suitable for integration directly in the production flow and fast error-feedback permits accelerated process adjustments and thus increases process ramp-up and overall productivity. Nanda has installed its first system at a research institute, believed to be IMEC, and there Nanda is working with global semiconductor manufacturers to evaluate the tools for production, the company said.
Capital-E is a Belgium based venture capital company focused on semiconductor investments and KfW, one of the largest German venture capital funds. Other investors include the existing shareholders Brains-to-Ventures, Ventegis Capital AG, Bayern Kapital and DEWB.
"Despite a difficult year in 2009, Nanda has achieved a first tool installation and very promising engagements on the customer side. We were convinced by the market opportunity and the unique technology, which gives Nanda a sustainable competitive edge," said Pascal Vanluchene, partner at Capital-E.
"Coming out of a deep recession in 2009, the timing is good for Nanda to execute on a broad market entry in 2010 and 2011. We are happy to have Capital-E and KfW on board to ensure enough liquidity during this critical phase for every startup company," said Christian Reitberger, chairman of the board.