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Intel invests in Dublin supplier of real-time fault detection and classification software
The Semiconductor Reporter
January 11, 2005
DUBLIN, Ireland -- Straatum Processware Ltd. announced today that it has received $5.65 million in third-round venture funding from lead investor Vision Capital, existing investor ACT Venture Capital, and new investor Intel Capital.
The company is a supplier of real-time fault detection and classification (FDC) software for semiconductor manufacturing. The software is used to detect and categorize process problems as they occur, enabling chip makers to spot and remedy manufacturing problems before they affect factory yield.
Straatum said the funding will be used in its efforts to expand its market share lead in real-time FDC by continuing technology development, expanding the sales organization, and enhancing customer service support.
Straatum, formerly known as Scientific Systems Ltd., received $2 million in first-round funding in 1998, and $9.1 million in 2001.
FDC technology is becoming increasingly more important because of the many new materials and extremely tight process parameters now moving into general use on semiconductor production lines, the company said.
"There's almost no room for error on today's leading-edge chips, and small processing variations can quickly turn many good devices into failures," said noted CEO Brendan Coyle. "Real-time FDC on a tool-by-tool level prevents this, and gives users a clear bottom-line advantage for their most profitable and time-sensitive products."
"Intel Capital invests in technologies that support fab equipment utilization and productivity," said Damien Callaghan, Strategic Investment Manager of Intel Capital. "Real-time solutions, like Straatum's, involving advanced process controls and fault detection and classification play an important role in correcting errors and reducing equipment downtime."
For further information contact
Marcus Carbery
Straatum Processware Ltd
+353 1 8167507
mcarbery@straatum.com
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