Wooptix closes €10 million Series B financing round
The round is participated by: Bullnet Capital, CDTI (Centre for the Development of Technology and Innovation), Danobatgroup , European Innovation Council Fund (EIC), Fagor Automation, Intel Capital and Mondragón Promotion Fund
Wooptix has announced the signing of a 10 million euro Series B financing round. The round is participated by: Bullnet Capital, CDTI (Centre for the Development of Technology and Innovation), Danobatgroup , European Innovation Council Fund (EIC), Fagor Automation, Intel Capital, and Mondragón Promotion.
The company is focused on commercializing semiconductor metrology equipment incorporating wavefront phase imaging. “Phemet®, the system developed by Wooptix, measures the silicon wafer warpage, and its accuracy is a “significant advance in the industry”, affirms José Manuel Ramos, Founder and CEO of the company.
Wooptix’s patented technology enables blank and patterned wafer-shape measurement in less time and with higher resolution than current systems being used in the industry. “Wooptix´s wavefront sensor and its semiconductor applications are generating interest from key players in the semiconductor industry as evidenced by the Series B financing round” explains Javier Elizalde, Co-founder and COO.
The company has been recognized as well by the EIC Accelerator Program through a 2.5M€ grant in addition to s the equity investment. The grant and investment support Wooptix´s product introduction and future technological innovation including the manufacture, delivery, and installation of three semiconductor metrology tools in Japan, the USA and the Netherlands this year.
“Keeping in mind that each Phemet® is only a metric ton weight, together with the sensitivity of the instrument components that enable measurements at the nanometer scale, Wooptix demonstrates a world-class engineering and operations capability.” continues Elizalde.
Wooptix has a well defined roadmap for each product line to meet the needs of lab and fab customers. In the case of the semiconductor metrology business unit, the next step is to automate Phemet®.
Enhancedautomation will reduce risk of contamination of wafers under measurementand provide consistent reproducibility to the system. Due to the flexibility of Wooptix’s design, another step is to integrate Phemet® into existing semiconductor equipment from tool vendors.
Phemet® and the Series B financing round demonstrate Wooptix’s growth and maturity as it begins initial tool deliveries to customers. “It is really valuable for us to transition now from an R&D company tobecome a product and manufacturing company. With this objective in mind, we are building the necessary infrastructure, including procedures and certifications to protocols and management teamwork, to support customers as we enter the market,” explains José Manuel Ramos.
The Industry in Numbers
According with SEMI (the global semiconductor industry association) the semiconductor equipment sales forecast for 2023 is $87 billion. “The semiconductor equipment market will see a strong rebound in 2024” said Ajit Manocha, SEMI President and CEO. “Projections for robust long-term growth driven by high-performance computing and ubiquitous connectivity remain intact”.
As reported by SEMI, the wafer fab equipment segment is projected to account for the bulk of the recovery to $100 billion in 2024, generating $87.8 billion in sales, a 14.8% increase.
Wooptix is a leader in semiconductor metrology through wavefront phase imaging, a technique derived from adaptive optics research in astronomy. With a multidisciplinary team, Wooptix aims to disrupt the semiconductor metrology industry with the highest lateral resolution and fastest measurement technique for inline fab measurements.
The company has developed Phemet®, a wafer shape lab tool for blank and patterned wafers, ahead of the upcoming fully automated fab tool, expected in 2024. Wooptix has already deployed Phemet® at several customer sites worldwide.
Wooptix is based at Tenerife, Madrid (Spain) and San Francisco (USA).