Pivotal Systems Corp., a Pleasanton, California-based maker of makes monitoring and process control technology for the semiconductor manufacturing industry, has raised $4.6m in equity funding.
The round was led by Firsthand Technology Value Fund.
The company intends to use the capital to start volume production of its product. Pivotal Systems’ flagship Gas Flow Controller (GFC) product, which was launched in early 2012, replaces traditional mass flow controllers (MFCs) and provides real-time, in situ process monitoring and control technology to semiconductor manufacturers.
The company is led by John Hoffman, CEO, Joseph Monkowski, President and CTO, and Nori Kobayakawa, VP of Marketing and Global Sales.