Solmates announces that it has secured Series B funding from a leading global semiconductor company, and its existing investors Twente Technology Fund and Oost NL. The funding will enable Solmates to significantly enhance its capabilities, capacity and expert resources to best serve its customers seeking to commercialize new chip designs.
Solmates’ advanced Pulsed Laser Deposition (PLD) equipment is used to accelerate the entry of new materials into commercial products in markets such as 5G and the IoT. PLD equipment plays a key role in the development of future chip designs and the integration of new materials for next generation transistors.
The new funding marks a further milestone in the roadmap of Solmates. With an unrelenting demand for new, higher performance chip designs, there is a strong need to develop equipment and refine processes for the deposition of new materials. This funding will allow Solmates to take a step-up in many areas of its technology and business to satisfy the customers’ demands driving their new products and success.