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Nanda Tech mops up $4 mn from Capital-E, KfW

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CIOL Bureau
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  LONDON: Germany-based Nanda Technologies GmbH, a company that manufactures wafer-inspection products, has mopped up $4 million from Capital-E and KfW working along with existing shareholders.

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The company said it would be using the money to aid pre-production assessments at semiconductor manufacturers.Nanda was established in the year 2006 and developed a method for high-throughput full wafer inspection on the basis of a proprietary optical design combined with innovative image processing software. Nanda claims it could boost the pace of inspection whilst maintaining high sensitivity, resultant in a reduced cost for each wafer.

The company has been able to raise $8 million in a Series B round conducted in the month of May 2008 The solid design of Nanda's inspection system makes it appropriate for mixing directly in the production flow and quick error-feedback permits accelerated process adjustments and therefore increases process ramp-up and on the whole output. Nanda has installed its very first system at a research institute, assumed to be IMEC, and there Nanda is functioning with global semiconductor manufacturers to assess the apparatus for production, the company said.

Capital-E is a venture capital company based in Belgium primarily focused on semiconductor investments and KfW, amongst the major German venture capital funds. Other investors include are the existing shareholders Brains-to-Ventures, Ventegis Capital AG, Bayern Kapital and DEWB.

"In spite of a hard year in 2009, Nanda has achieved a first tool installation and very hopeful engagements on the customer side. We were certain by the market opportunity and the exceptional technology, which gives Nanda a sustainable competitive edge," Pascal Vanluchene, partner at Capital-E, has been quoted by EETimes.

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