Axus Technology, a Chandler, AZ-based global provider of chemical mechanical planarization (CMP) equipment, critical for manufacturing semiconductors and compound semiconductors, raised $12.5M in funding.
Backers included IntrinSiC Investment. In addition, Axus has secured a significant revolving and term line of credit from a national bank.
The company intend to use the funds to pursue and fulfill high-volume orders from semiconductor and compound semiconductor manufacturers around the world.
Led by CEO Dan Trojan, Axus Technology designs and builds modern, flexible next-generation equipment and provides custom process-development services. It enables companies of all sizes, from startups to high-volume manufacturers, to test, develop, and implement solutions—particularly for novel and emerging materials—process integration schemes, products and applications. Axus’s equipment solutions range from low cost-of-ownership entry-level tools to high-volume manufacturing systems. Process testing, development, optimization, and scaling are supported by its process applications lab and foundry, which includes a full array of process equipment and supporting metrology.