psiloQuest captures $7 million

Jan. 6, 2004 — psiloQuest Inc., an Orlando, Fla., manufacturer of specialty polishing pads for use in semiconductor manufacturing processes, closed on a $7 million Series B round of financing.

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NGEN Partners led the round. New investors DuPont, Air Products and Chemicals and Cycad Group also participated alongside existing investors Aurora Funds, Grace Venture Partners and Greyhound Fund LP.

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psiloQuest’s pads are used for chemical mechanical planarization as well as other processes crucial for semiconductor manufacture. The company will use the funds to expand manufacturing capability and build a larger sales and marketing infrastructure, among other purposes.

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