Tevet Secures $2.75 Million in New Venture Capital Financing

Tevet Process Control Technologies Ltd., a leading supplier of high throughput semiconductor integrated metrology, recently announced that it has received $2.75 million in financing from a group of investors led by Eurofund.

With this round of financing, the company has raised more than $13 million of venture capital to develop a uniquely high speed integrated metrology solution within the high growth semiconductor process control segment. Tevet will use the financial investment to stimulate its recent growth in integrated metrology and for expansion into new related product development initiatives.

“Tevet has made an impressive start with its Trajectory T3 film thickness integrated metrology product line,” said Ron Hiram, Managing Partner at Eurofund.  “The fact that Tevet has now penetrated several of the semiconductor industry’s biggest names, and also proliferated its products in step with customers’ high volume manufacturing (HVM) needs demonstrates the strategic value of Tevet’s technology. We were particularly pleased to see Intel Capital and one of Tevet’s customers invest in this internal round.”

“This investment shows the confidence our investors have in Tevet,” said Ofer Du-Nour, CEO of Tevet.  “We’ve made solid 2X year-on-year business gains since the introduction of our award-winning Trajectory T3 product line and are now integrated on the leading semiconductor equipment suppliers in the business. As the industry moves to higher throughputs, Tevet’s integrated metrology will become increasingly enabling.  With this new investment, Tevet can more aggressively move forward to take advantage of the changing marketplace as our customers move to sub-65 nm technology nodes and PECVD equipment moves to throughputs above 150 wph—a barrier to every-wafer measurement in competitive systems.”

Tevet Process Control Technologies serves the semiconductor industry with unique integrated metrology solutions for critical process control challenges.  Supporting customers worldwide, Tevet develops its technology and products in its headquarters in Israel and provides sales, marketing and technical support through its US offices. 

For more information, please visit www.tevet-pct.com