Axus Technology

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Axus Technology Secures $12.5 Million in Capital Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Axus Technology, IntrinSiC Investment

Axus Technology, a leading global provider of chemical mechanical planarization (CMP) equipment, critical for manufacturing semiconductors and compound semiconductors, announced it has received $12.5 million in capital funding from growth capital firm IntrinSiC Investment LLC. In addition, the company has secured a significant revolving and term line of credit from a leading national bank.

As an established equipment manufacturer with a strong installed base and leadership in advanced silicon carbide (SiC) semiconductor processing, Axus Technology has developed a core understanding of technologies related to CMP – specifically, semiconductor wafer polishing, thinning and cleaning. As a result, the company is extremely well positioned to drive toward volume sales of, and enter new markets with, its highly differentiated Capstone® and Aquarius™ platforms. The company will use the equity funds to further these efforts, leveraging its strong capitalization to pursue and fulfill high-volume orders from semiconductor and compound semiconductor manufacturers around the world.

Read more at GlobeNewswire