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.