BT Imaging Pty Ltd, a Surry Hills, NSW, Australia-based designer, developer and supplier of luminescence-based inspection and quality control systems for the photovoltaic manufacturing industry, completed its US$3.8m (approximately A$4.5m) Series A2 financing round.
This round of financing includes existing investors Allen & Buckeridge and Uniseed, and new investor, Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc. (NASDAQ: AMAT).
Applied Ventures is taking an equity stake in the company.
The funds will enable BT Imaging to accelerate product development, launch global expansion plans, and strengthen and defend its portfolio.
BT Imaging’s suite of inspection systems, which utilizes the company’s proprietary photoluminescence imaging technology, is being used by leading research institutions to qualify new photovoltaic manufacturing processes.
The company has already served Tier 1 wafer and cell manufacturers in Europe, Australia, Taiwan, China, and Japan.
Launched in 2008, BT Imaging has an R&D centre with close ties to the University of New South Wales, sales and marketing operations based in Germany and California, and distributors in Japan, Korea, Taiwan, China and South East Asia.