Interconnect startup scores $32M in funds

June 14, 2006 – NanoNexus, San Jose, CA, a developer of semiconductor interconnect technology, has secured $32 million in an oversubscribed Series A round of financing, led by Crosslink Capital, with participation from Cypress Semiconductor and existing investors Rustic Canyon Partners, Idanta Partners, and 2M Technology Investors. The funds will be used to ramp to volume production, including conversion to a larger substrate to enable customers to test more products/touchdown.

NanoNexus makes contact and interconnect products utilizing a self-assembled MEMS architecture, which it claims enables improved performance, lower cost, better scalability, and reduced cycle times compared with other advanced probe card technologies. The company, which claims 74 patents issued or pending, has raised about $70 million in total VC funding to date.

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