MEMX nets $8 million B round

Feb. 12, 2003 — MEMX Inc., a Palo Alto, Calif., developer of MEMS and MEMS processes, has secured $8 million in a Series B round of financing, according to a news release.

The round was led by Austin Ventures and Sequoia Capital. Agilent Technologies Inc. also participated.

MEMX was spun out from Sandia National Laboratories in 2000. The company develops products based on its Summit V MEMS technology.

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