Wakefield, MA? Persimmon Technologies Corporation, a provider of vacuum robotics and Hybrid-Field Motor Technology for the semiconductor, LED, FPD and solar equipment markets, announced that it has closed a $5.8 million Series B funding round.
Intel Capital and The Bernard M. Gordon Charitable Remainder Trust join Nidec Sankyo as major equity holders in the company.
The company also added two industry veterans as individual investors.
Since launching in March of 2011, Persimmon Technologies Corporation has focused on developing next generation vacuum robotics and disruptive Hybrid-Field Motor Technology. The new funding will help Persimmon expand its vacuum robotics product portfolio, invest further in the development of its Hybrid-Field Motor Technology, expand global distribution, and ramp manufacturing operations.
?Intel Capital believes that Persimmon?s innovation in precision vacuum robotics and Hybrid-Field Motor technologies represents an opportunity to reduce cost and improve reliability in semiconductor device manufacturing? said Dr. Laura Oliphant, Investment Director of Intel Capital.
Persimmon Technologies has developed next generation vacuum robotics technology that offers advantages over the current state?of-the-art technology. With over 20 patents pending, the advanced vacuum robot technology is innovative in mechanical design, controls technology and advanced software. Persimmon also is developing disruptive Hybrid-Field electric motor technology that initially was funded with a National Science Foundation (NSF) Small Business Innovation Research (SBIR) Phase I grant in July, 2011. Persimmon was awarded a follow-on NSF Phase II SBIR grant in September, 2012 to further develop the technology.
The Hybrid-Field technology replaces the traditional stamped and laminated sheet metal motor stators with spray deposition technology developed in part from Persimmon?s experience in semiconductor technology.
?We are excited to add Intel Capital as an investor. Intel Capital?s support of Persimmon will accelerate the development of our technology and the growth of our company? said Michael Pippins, President and CEO, Persimmon Technologies.
?Also, we are very pleased to add The Gordon Trust as an investor. Bernard Gordon, the founder of Analogic and a renowned technologist, is a strategic addition to our investor base. We intend to benefit from his experience in building significant technology companies.?Read More