VC buys into analytical probe firm

July 19, 2006 – The Micromanipulator Co., Carson City, NV, a developer of analytical probe systems, said that venture capital firm Flywheel Ventures has purchased a majority ownership in the firm for an undisclosed amount, and will invest an extra $1 million in cash to support future growth and acquisitions. Flywheel purchased the ownership stake from the California Institute of Technology, which received the stake through a gift from the estate of company founder Robert Hancock, and will retain a minority interest.

“This investment will accelerate our development of new products, processes and services while creating our base for additional semiconductor, nanotechnology and MEMS device test solutions,” stated Micromanipulator president and CEO Bill Hartman.

Micromanipulator’s products include analytical probing equipment for 150-300mm semiconductor wafers, solar cells, nanotechnology, and MEMS devices, including probe stations and accessories targeting reliability testing, low current/low noise IV/CV testing, and high-frequency testing, as well as probing for flat panels and PCBs.

POST A COMMENT

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.