Product category:
Analogue and Mixed Signal ICs
News Release from: Microbridge
Edited by the Electronicstalk Editorial
Team on 14 February 2007
Resistor calibration company extends
financing
Microbridge has closed a planned extension of its series B equity financing, raising an additional US $5 million in venture capital and US $12.5 million to date.
Microbridge has closed a planned extension of its series B equity financing, raising an additional US $5 million in venture capital and US $12.5 million to date An international syndicate of investors contributed to the round, including: Zon Capital Partners of New Jersey; BDC Venture Capital of Canada; Fonds de Solidarite des Travailleurs du Quebec of Canada; Lothian Partners 27 SICAR of Luxembourg (advised by Multiple Capital); and Schneider Electric Ventures of France
This article was originally published on Electronicstalk on 12 Jun 2007 at 8.00am (UK)
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Microbridge provides advantages for manufacturers of existing products and designers of current and future products.
Manufacturers can improve margins, increase yields up to 30% and reduce scrap up to 50% while returning millions of dollars in production savings.
The firm allows manufacturers to reduce in-line manufacturing process steps by eliminating binning, workarounds, laser trimming, hand-sorting and trim-pots, while reducing calibration costs by a factor of 10 without sacrificing performance.
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"An internationally-renowned group of investors provided the extension round in recognition of the progress Microbridge has made in the market", said Michael Foster, President and CEO, Microbridge.
"The financing provides additional capital to rapidly expand our sales and marketing activities on the standard product, application-specific standard product and custom product fronts, as well as increase our strategic alliance and licensing activities".
"The Rejustor products and technology are established in the marketplace and we will leverage this success to build a world-class company with our international venture partner group", Foster added. Request free introductory details about products from Microbridge ...
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