TeraView secures $5.5M to fund key growth areas

Cambridge, England--Terahertz systems and solutions provider TeraView has secured a $5.5M investment from a consortium of US-, Asian-, and EU-based institutional and corporate investors. The investment enables the company to accelerate growth of its semiconductor, industrial, and analytical business on the three continents, including sales and marketing in Asia and further product development in its semiconductor inspection market. Funding will also be used to enhance support and collaborations with existing customers in these markets.

The need for the unique capabilities of terahertz light is driven, for example, by the mobile phone and consumer electronics industries, which aim to overcome limitations in the speed and functionality of current integrated circuits (ICs). Terahertz can be utilized in the development and manufacturing of both existing and new generations of semiconductor ICs, which are now widely used in mobile phones and tablet computers. Intel and other major semiconductor manufacturers currently use TeraView's products.

TeraView has secured customer funding to develop products in these and other markets. With the new capital from investors, the company will scale up its product delivery and manufacturing to meet increasing order patterns from current and new customers.

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