Persimmon Technologies, a provider of vacuum robotics for the semiconductor, solar and LED markets, has closed a Series B round with backing from corporate venture capital firm Intel Capital.
Alongside Intel, Bernard Gordon Charitable Remainder Trust join Nidec Sankyo as major equity holders in the company.
Launched in March 2011, Persimmon Technologies is focused on developing next generation vacuum robotics and disruptive Hybrid-Field Motor Technology.
The company said the new funding will help Perismmon expand its product portfolio and invest in the further development of its technology as well as ramp up global distribution and manufacturing.
“Intel Capital believes that Persimmon’s innovation in precision vacuum robotics and Hybrid-Field Motor technologies represents an opportunity to reduce cost and improve reliability in semiconductor device manufacturing,” said Laura Oliphant, investment director of Intel Capital.
The company has more than 20 patents pending and Michael Pippins, president and CEO, Persimmon, said the investment will help it build significant technology companies.
“We are excited to add Intel Capital as an investor. Intel Capital’s support of Persimmon will accelerate the development of our technology and the growth of our company,” he said.
Copyright © 2013 AltAssets