Flexciton secures £15m in Series A funding led by Saras Capital to expand its team.
The Series A round was led by Saras Capital with participation from BACKED, Chalfen Ventures, and Entrepreneur First, and will fund team expansion.
Flexciton is an optimisation technology company that has developed a unique solution to improve the efficiency and productivity of semiconductor manufacturing processes. The firm applies advanced artificial intelligence and mathematical algorithms to analyse real-time data and direct fab production.
Flexciton has secured £15m in a Series A funding round led by Saras Capital through Nadav Rosenberg. Additional participation came from BACKED, Chalfen Ventures, and Entrepreneur First. The capital will be directed towards expanding the team as the company scales its manufacturing optimisation software for the global semiconductor industry.
From the founder
"Automation is already used by many semiconductor manufacturers. However, even in advanced fabs where scheduling itself is automated, the software used to make these decisions tends to be based on predefined rules programmed by humans and determined by historical data. Yes, it can calculate different options far quicker than a human operator could, but the options are still ‘best guesses’ rather than optimal outcomes."
Jamie Potter
CEO at Flexciton
Investor perspective
"In a globally strategic industry, with billions in capex and opex spent on the world’s most complex manufacturing operations, Flexciton measurably saves enormous costs, fast. Its insight can change the very capacity, agility and economics of the semiconductor industry. Flexciton has the team, technology and ambition to be an enduring and important company."
Mike Chalfen
Founder, Chalfen Ventures
Use of funds
- 01Grow the team
Investors
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About the company
Flexciton
Flexciton develops optimisation technology that improves the efficiency and productivity of semiconductor manufacturing processes.