Picture credit: AxilLabs
Lund, Sweden-based AlixLabs, a semiconductor firm, introduced on Tuesday, September 5 that it has secured SEK 40M (roughly €33M) in a contemporary funding spherical.
The buyers backed AlixLabs embody Navigare Ventures, Industrifonden, and FORWARD.one.
Jonas Sundqvist, CEO of AlixLabs says, “The funding performs a pivotal function in propelling our firm in direction of scalable success. The infusion of capital not solely validates our imaginative and prescient but in addition empowers us to carry our groundbreaking know-how to the forefront of semiconductor manufacturing.”
“This funding marks a big milestone as we work in direction of our objective: to have our meticulously developed course of adopted by circuit producers of their most superior manufacturing by 2025.”
“With this help, we’re forging a path to rework the semiconductor panorama and usher in a brand new period of effectivity and innovation,” provides Sundqvist.
The announcement comes seven months after elevating €908.7K in funding from a variety of buyers, together with Navigare Ventures, Almi Make investments, and the ice hockey household Nylander.
The semiconductor business has been going through challenges associated to escalating bills for a very long time, largely as a result of excessive prices of Excessive Ultraviolet Lithography (EUV) gear.
As well as, there’s an escalating want for energy-efficient options and extra sustainable practices.
Right here’s the place AlixLabs comes into play!
AlixLabs: Advancing energy-efficient semiconductor innovation
Based in 2019, AlixLabs emerged as a spin-off from Lund College to allow the cost-effective and energy-conscious fabrication of semiconductors, significantly logic and reminiscence parts.
The corporate’s ALE (Atomic Layer Etching) pitch-splitting know-how (APS) permits the exact division of nanostructures whereas considerably lowering power consumption and emissions.
This breakthrough has now caught the eye of buyers because it addresses the rising prices related to present manufacturing methods.
This technique holds accredited patents throughout the USA, Taiwan, and Europe.
AlixLabs’ innovation comes on the proper time with the European Union’s formidable semiconductor initiative, the EU Chips Act, allocating substantial sources for semiconductor firms.
The investor
Navigare Ventures is a multi-stage investor specialised in science-driven firms.
Alex Basu, Funding Supervisor at Navigare Ventures, says, “AlixLabs has taken appreciable steps in establishing itself as an rising gear producer, contributing to the fast-growing European semiconductor business. We look ahead to a continued partnership as they create their know-how to manufacturing within the coming years.”
FORWARD.one is a Dutch enterprise capital agency centered on deep tech {hardware} startups and scale-ups with €200M below administration, together with investments in robotics, semiconductors, photonics, sensors, prolonged actuality, and biomanufacturing.
Arjan Göbel, accomplice at FORWARD.one says, ”The know-how that AlixLabs has developed solves actual issues for its semiconductor clients and provides a variety of worth for them by lowering the complexity of constructing chips and making the method less expensive whereas lowering the environmental affect of the method considerably. Doing this with a really expert and bold crew makes it an ideal funding for FORWARD.one.”
…your recruitment or product improvement with our curated group companions!
