Product category: Optical Filters, Lenses, Gratings etc
News Release from: Colibrys
Edited by the Electronicstalk Editorial Team on 26 November 2002
Swiss MEMS maker raises $10 million
Independent MEMS manufacturer Colibrys has completed its second round financing, raising a total of $10 million in venture capital funding
Independent MEMS manufacturer Colibrys has completed its secondround financing, raising a total of $10 million in venturecapital funding. All existing VC investors participated in thisround: aventic, Banexi Ventures, Banque Cantonale Vaudoise, IntelCapital, TAT Investments and attracted new investment fromInnoventure Capital an associate of Credit Suisse.
Sean Neylon,CEO of Colibrys said, 'We are one of the few companiesworldwide that has both the established revenue, breath andmaturity of experience necessary to be a leader in the worldwidemarkets for silicon MEMS components.
We have made progress inrecent years to establish ourselves as one of Europeûs leadingMEMS manufacturer and our objective is to establish a similarmarket position in North American and Asian markets'.
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