TeraView Secures $5.5m in Funding
TeraView, a Cambridge, UK-based provider of Terahertz systems and solutions, has raised $5.5m in funding.
The round was led by New Hill Management and Full Circle Investments in the US, together with YFM Equity Partners and Turquoise International in the UK and other investors. Turquoise International invested on behalf of the UK Low Carbon Initiative Fund (LCIF), based at the University of East Anglia.
The company intends to use the capital to increase sales and marketing efforts in Asia, to accelerate product development in its semiconductor inspection market, as well as to enhance support and collaborations with existing customers in these markets.
Spun-out from the Toshiba Cambridge Research Laboratory in April 2001 and today led by CEO Don Arnone, TeraView focuses on the application of Terahertz light for imaging and spectroscopy. Its proprietary platform uses the Terahertz spectrum between light and radio waves offering the advantage of being non-invasive and non-destructive.
A key application of the technology is the detection of faults and quality variations in semiconductor integrated circuits. Studies have also demonstrated how Terahertz non invasively provides 3 dimensional structural and chemical information in a diverse range of applications, including weapons/explosives hidden below clothing, the contents of tablets and capsules in the pharmaceutical industry, and other objects normally invisible to conventional detection techniques. Other markets for the technology exist in medical imaging of cancer and industrial inspection which are explored via commercial partners.