Investment
Point 35 Microstructures, a supplier of refurbished semiconductor wafer processing equipment and MEMS (Micro-Electro-Mechanical Systems) wafer processing equipment, said it received an undisclosed equity investment from Close Ventures.
The Edinburgh-based company has developed a platform technology, memsstar, which is an etch and deposition system that enables the high levels of control, repeatability and yield required in MEMS manufacturing. Point 35 says this significantly increases the throughput and yield over current approaches and enables cost-effective volume production.
The investment will accelerate the roll out of memsstar and enable the system to be further developed. Mike Leavy, CEO of Point 35, said, “This new partnership with Close Ventures provides the basis for the worldwide roll out of our products and services along with the development of additional product capabilities.”
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