Firsthand Technology Value Fund Provides Start-Up
Funding to Revasum for Acquisition of Strasbaugh’s
CMP and Grinding Technology Assets
San Jose, CA, November 15, 2016 – Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today that it has participated in the initial funding of Revasum, a new entrant in the semiconductor equipment industry. Proceeds of Revasum’s initial round of funding have been used to acquire the CMP and grinding technology assets of Strasbaugh.
Revasum intends to focus on developing CMP and grinding technology for the semiconductor device market at 200mm (wafer size) and below. The market for 200mm equipment has seen a dramatic resurgence recently, driven largely by rapid growth in the Internet of Things (“IoT”), power conversion, RF communications, MEMS (micro-electrical-mechanical systems), and LEDs (light emitting diodes). Click here to continue reading.
Revasum Announces the Formation of their Technical Advisory Board
March 22, 2017
Revasum, a semiconductor CMP and grinding equipment manufacturer, announced the formation of their Technical Advisory Board (TAB). The TAB is an esteemed group of industry technology veterans chosen to provide strategic technical and market guidance to the company.
Jerry Cutini, Chief Executive Officer of Revasum commented, “with new game-changing technology in the 7AF-HMG grinder now on the market, the time is right to begin thinking more broadly about the range of development opportunities available to us. We have a deep engineering and technology portfolio to draw upon and having a team like Dr.’s Krusell and Meikle to provide feedback to our teams will be invaluable as we enter new markets.” The initial appointments include the following professionals: Click here to continue reading.
Welcome Cameron Perry to the Revasum Team
We are pleased to welcome Cameron Perry as the newest member of our account management team.
Cameron “Cam” has over 25 years of experience working in the Semiconductor equipment industry. He spent his early career working with Applied Materials breaking several sales records for the for the Eastern Region. Recently Cam has led all aspects of Account Sales Management for Cymer LLC a division of ASML increasing the market share at Globalfoundries Malta from 50% to 100%.
Cam’s focus will be on Eastern and Central Regions of North America and Canada. Where his relationships, dedication, and experience will help grow Revasum’s presence in the region.
Over the next month, Cam will be reaching out to Revasum’s current customers to setup introductory meetings. We are confident you will find him very knowledgeable and responsive.
Nov 15th - Revasum Announcement
Mar 22nd - Revasum Announces the Formation of their
Apr 19th - Revasum Welcomes Cameron Perry