Ingenious Invests in Leading Supplier of Terahertz Technology Systems

Ingenious Invests in Leading Supplier of Terahertz Technology Systems
06.02.2020 09:35 am

Ingenious Invests in Leading Supplier of Terahertz Technology Systems

RegTech

Ingenious today announces that its Infrastructure Ventures EIS Service has invested as part of a $6m A-series investment round in TeraView, the pioneer and leader in terahertz technology and solutions.

 

The investment is designed to ensure that TeraView retains its leadership in the growing terahertz market and continues to provide a high level of support to each of its customers across the world while also accelerating product & technology development, customer support, and sales & marketing by the Company.

 

TeraView is the leading supplier of terahertz systems to support semiconductor companies and their manufacturing partners in the implementation of advanced 2.5 and 3D packaging technologies for integrated circuits.

 

Terahertz light lies between infra-red and microwaves, and as such has unique properties which enables it to pass through objects and to transmit images and compositional (spectroscopic) information that is ordinarily hidden. Terahertz is non-destructive, safe and fast, making it the ideal inspection and imaging modality for many applications across a range of industries. For example, advanced packaging techniques allow compact integration of key components such as microprocessors, high bandwidth memory and graphics processors used in computing and data manipulation, providing a means of enhancing performance and minimising power and space requirements in mobile phones and other electronic devices.

 

All of the major semiconductor companies are now offering their own packaging architectures to differentiate themselves from competitors. TeraView’s proprietary EOTPR technology has been developed with its key customers as an important enabling tool in fault isolation and inspection of these new architectures.

 

TeraView is also the leading supplier of terahertz systems for the measurement of thickness of multi-layer paints used in the automotive and aerospace industries. New painting technologies such as wet-on-wet formulations are being implemented to improve automotive production line throughput.

 

Guy Ranawake, Senior Investment Director at Ingenious, commented: “The unique properties of terahertz light combined with the fact that it is non-destructive, safe and fast, make it the ideal inspection and imaging modality for a variety of applications across a range of industries. TeraView is the world’s first and leading company solely focused on this area and has demonstrated the potential of its proprietary technology through its team of dedicated engineers leading to it having the largest number of terahertz systems in the field. We are very happy to support TeraView and look forward to seeing the growth of the company which aligns strongly with our investment strategy and infrastructure sector focus.”

 

Dr Don Arnone, Chief Executive Officer and co-founder of TeraView, commented: “The follow-on investment from Nordson DAGE, coupled with new corporate investors such as Wonik Investments in Korea, underscore the level of interest from industry in TeraView’s technology and solutions that we provide to our customers in our core markets. Support from new financial investors such as Ingenious in London, and Pathfinder H in Korea further demonstrate the global appeal of TeraView’s business to investors.”

 

The transaction was led by Ingenious’ infrastructure division and represents the fifth investment from the Infrastructure Ventures EIS Service, following the backing of 3D Repo the cloud-based digital platform design pioneers, Winnow, the technology company behind Winnow Vision, the artificial intelligence tool helping chefs cut food waste in half, Over-C, an analytics company focused on operational performance in the workforce management market and Reactive Technologies, a world leading technology platform facilitating the transition to a low carbon future.

Related News

Know Your Customer strengthens commitment to the Asia-Pacific region with appointment of new Head of Sales APAC

Award-winning RegTech provider Know Your Customer has announced the appointment of Jamie Anderson as Head of Sales for the Asia-... Read more »

Ascent Wins 2020 FinTech Breakthrough Award for Best RegTech Startup

Ascent, an AI-driven solution that helps customers automate regulatory compliance, today announced that it has won... Read more »

SIX Group selects Know Your Customer’s digital solutions to strengthen supplier due diligence

SIX Group has selected award-winning RegTech provider Know Your Customer to strengthen its procurement process and better assess the... Read more »

Sonovate strengthens onboarding process with RegTech platform from TruNarrative

Cardiff-based fintech Sonovate has invested in the cutting-edge platform from RegTech firm TruNarrative, to enhance its customer onboarding processes.

Sonovate helps... Read more »

Konsentus and Openitio collaborate to streamline PSD2 implementation

PSD2 technology platform and interface provider, Openitio, partners with identity and regulatory checking solution provider Konsentus to offer Financial Institutions a quick... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel