Finland’s Chipmetrics secures €2.4M in a seed funding round
Summary
Chipmetrics, a Joensuu-based Atomic Layer Deposition (ALD) technology company, has announced the closure of a 2.4 million investment round co-led by HTGF and OCCIDENT. The companys business is based on the sale of metrology chips and measurement services whose applications are focused on ALD technology, a surface-controlled layer-by-layer process that results in the deposition of thin films one atomic layer at a time. Redstone, a European early-stage venture capital firm headquartered in Berlin with offices in Zurich and Helsinki. Redstone manages a diverse portfolio of over 80 companies, focusing on climate, fintech, industrial tech, social impact, and quantum tech.Chipmetrics has already established a reputable position in thin film process development with its innovative PillarHall Lateral High Aspect Ratio (LHAR) test chips. Our investment reflects our confidence in the Chipmetrics team and the success of the highly innovative technology on the global semiconductor market,Chipmetrics will spend the investment to accelerate its product development efforts, scale production capabilities, and expand its market presence with the already existing international customer base.