Vitex Systems secures funding

February 4, 2004 – Vitex Systems Inc., San Jose, CA, has raised $24 million so far in its Series B round of financing, which remains open through March.

The majority of the funds came from an unnamed “international supplier of components to the flat-panel industry,” with additional contributions from initial investors Battelle Memorial Institute and Mitsubishi Corp., along with Vitex’s equipment supply partner Tokki Corp.

Vitex develops thin-film moisture barriers for packaging organic-light emitting diode (OLED) displays.


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