Reno Sub-Systems raises $11.2 million for product deployment
Reno Sub-Systems, a developer of radio frequency RF matching networks, RF power generators and gas flow management systems for semiconductor manufacturing, has closed its Series C funding that produced $11.2 million for product deployment.
The additional funding will support continued development of the technology to enable leading-edge silicon manufacturing technology nodes in high-volume production.
“The C-round will allow us to support our rapidly growing number of deployments and enable high-volume manufacturing of our systems to support our recent platform wins,” said Bob MacKnight, CEO of Reno Sub-Systems.
Samsung Venture Investment Corp., one of Reno Sub-Systems investors, led the round of funding.
“We saw high value in Reno’s technology, so it only made sense for us to pursue an investment,” said Dr. Dong-Su Kim, vice president of Samsung Venture Investment Corp.
Samsung Venture Investment Corp., Hitachi High-Technologies Corporation and SK hynix are all listed as strategic investors as well. Existing investors Intel Capital, Lam Research and MKS Instruments also participated in this funding round.
The innovative software from Reno-based Lulius Innovation focuses on automating workflows, giving organizations such as Cal Guard a real-time view of everything from aircraft readiness to flight crew status to budget management.