Nanotronics, a NY-based developer of an advanced automated microscope, secured $30m in Series D funding.
The round was led by Investment Corporation of Dubai (ICD) with participation from current investor Founders Fund.
The company, which has raised a total of $71m, intends to use the funds to accelerate the development of its optical inspection technologies and proprietary industrial enterprise software, as well as expansion into key regions of the Asian market in 2018.
Led by founder and CEO Dr. Matthew Putman, PhD., Nanotronics provides scientists and engineers with a tool that seamlessly integrates into manufacturing supply chains for everything from MEMs and semiconductors to aerospace hardware, nano-medicine, and DNA sequencing and storage. The company’s systems such as nSPEC® and nSPEC®3D were developed with a globally patented super-resolution; 3D imaging; precision robotics; and software techniques for computer vision and artificial intelligence. Capabilities allow manufacturers to rapidly implement design and process changes, increase yields and process control, and reduce scrap and costs.
Customers include Broadcom, ST Micro, IQE, II-VI, Soraa, Applied Optoelectronics, and others.
Investment Corporation of Dubai will be joining other existing investors Jaan Tallinn, Howard Morgan, and Kevin Wall.