ATE-for-MRAM startup raises funds

February 04, 2020 //By Peter Clarke
ATE-for-MRAM startup raises funds
Hprobe, a provider of semiconductor automatic test equipment (ATE) for magnetic devices, has raised more than €2 million in equity funding.

Hprobe SA (Grenoble, France) is a spin-off company from the government-backed Spintec laboratory and was founded in 2017 by Laurent Lebrun (CEO), Siamak Salimy (CTO) and Jean-Pierre Nozieres (advisor).

The investment was led by High-Tech Gründerfonds (HTGF), a public-private venture capital investment firm based in Germany. It includes ITIC, a Taiwanese venture capital firm, that is a subsidiary of the Industrial Technology Research Institute (ITRI) and TEL Venture Capital, a subsidiary of semiconductor production equipment company Tokyo Electron Limited (TEL). TEL has agreed to put its sales network at the service of Hprobe development. The financing also includes BNP Paribas Développement.

The money will be used to advance automated testing of spintronics-based devices such as MRAMs (Magnetic Random Access Memories) and TMR (Tunnel Magneto Resistance) sensors.

"This investment from major investment and semiconductor firms re-enforces Hprobe’s capability to become the leader of magnetic ATE. It will allow us to develop and strengthen the global sales team, create subsidiaries in target countries, and develop our next generation of magnetic generators, therein providing higher magnetic fields and shorter test times,” said Laurent Lebrun, CEO of Hprobe, in a statement.

Christian Ziach, investment manager at HTGF, said: With its highly experienced team, Hprobe has developed competitive testers that will help foundries around the world to produce STT-MRAMs (Spin Transfer Torque MRAMs) on an industrial scale.”

Related links and articles:

www.hprobe.com

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