|
News & Events
Negevtech Raises $23 Million in Third Round of Funding
Investors include: Star Ventures (who led the funding round), Genesis Partners, Orbotech Ventures, Lehman Brothers and current investors in the company, Pitango Venture Capital, CLAL and QualiTau.
Rehovot, Israel. 29 May 2002 - Negevtech Ltd. today announced the completion of its third round of financing in which it has raised $23 million. The round was led by Star Ventures, and includes investments from Genesis Partners, Orbotech Ventures and Lehman Brothers, and from current investors Pitango Venture Capital, Clal Electronics and QualiTau. The funds will be used by the company for R&D and expansion of Negevtech's sales and marketing activities worldwide.
Founded in 1999, Negevtech develops, manufactures and markets process diagnostics equipment for the semiconductor industry based on a unique imaging engine. Negevtech is led by highly experienced managers who have previously founded and managed successful semiconductor equipment companies.
Yaffa Krindel of Star Ventures said, "Negevtech is led by veteran entrepreneurs who have delivered innovative technology for the semiconductors market. We believe that this kind of system can make a mark in the industry."
Negevtech's marketing, demonstration and support facilities are located in Santa Clara, California. The company's R&D center is located in the "Image Processing Triangle", south of Tel Aviv, Israel and in close proximity to the renowned Weizmann Institute of Science.
|
|
