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July 11, 2006
Hymite Makes Optical MEMS More Attractive
Investors have ponied up another €8M for Danish/German startup Hymite. This is the firm's third round. Its early backers are Sweden's Innovationskapital and TVM in Germany.
Hymite has developed ways to manufacture and package micron-sized electro-mechanical devices, mainly optical networking devices, such as transceivers, with a greater degree of automation.
Using some of the same processes we see in the chip industry, it churns out robust devices with a standardized shape and size (form factor) that enables them to be retrofitted into existing optical networking subsystems and components, as well as being used to make new sub-system designs cheaper.
We are assuming that the VCs put in the new money to finance ramping up for customer demand since this is a third round. But it is only an assumption. It does not have any newsflow of design in wins or contract announcement on its press relations pages, but it does have an Intranet link on its homepage for customer use.
Read - Themis Equity Partner: TVM führt erfolgreich bei Hymite A/S die dritte Finanzierungsrunde durch (gsc research)
Posted on July 11, 2006 05:51 AM | Posted to News And Updates | Semiconductors | Venture Capital | Permalink
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