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Qcept secures a further US$10.4m in funding
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Qcept Technologies has raised nearly US$10.4 million in funding led by Pittco Capital Partners. This achievement brings the company's total financing to nearly US$36 million to date. Qcept will use the funds to enhance its operations to meet rising demand within the semiconductor industry for its ChemetriQ non-visual defect (NVD) inspection systems.
New investors in Qcept's latest round of financing include Imlay Investments, Jackson Capital Partners and KT Venture Group, the investment partner of KLA-Tencor.
"Qcept has made remarkable progress in bringing an entirely new wafer inspection technology to the semiconductor industry that can provide a significant positive impact on manufacturers' bottom line," stated Andrew Seamons, managing partner, Pittco Capital Partners.
Bret Bergman, CEO of Qcept Technologies said, "This latest round is an important milestone for our company as we prepare to take advantage of semiconductor manufacturers' renewed investment activity in enabling technologies like our ChemetriQ solution to support their advanced product roadmaps."
Qcept's ChemetriQ platform provides rapid, full-wafer, inline detection of NVDs by employing a non-destructive technology that detects work function variations on the wafer's surface.