Impedans Raises €3.5 Million In Series B Funding Round
Irish company Impedans, specialists in Intelligent Sensors for RF & Plasma Processing has raised €3.5 million from a combination of new and existing investors, including SOSV and Enterprise Ireland.
Dr. David Gahan, CEO Impedans commented: ‘This is a significant milestone for our company as we grow to meet the demands of the global semiconductor market, forecasted to reach $1T by 2030.
Our patented technology enables companies to both reduce scrappage and increase process repeatability, critical factors for this burgeoning industry. The funding is key for driving a strategy of continuous innovation and will help to consolidate our position as leaders in the field'
Founded by Mike Hopkins in 2004, Impedans has ambitious growth plans which will see headcount increase by 40% this year.
‘SOSV is proud to back such a global and strategically significant technology in the chip making space. This round backs a real Irish deep tech win and is a shining example of team Ireland punching well above its weight. Great team, great market, great technology, and great timing' added Bill Liao, General Partner, SOSV.
Despite prevailing economic conditions, the semiconductor market is still on track to achieve low double digit percentage growth in 2022.
"Gillian Baker, Senior Development Adviser Digital Technologies, Enterprise Ireland said: Enterprise Ireland is proud to continue its support for this Irish-owned global leader. Their key markets offer tremendous potential for growth, and we are confident that they are positioned to capitalize on this. We look forward to working with Dr. David Gahan and his team at Impedans, as it builds on its impressive growth to date. "