The Latest

Testing is important: Optimal Test raises $16M in second round

byEze Vidra
December 11, 2007
3.4K views
1 minute read
Total
0
Shares
0
0
0

optimal test
Israel-based startup Optimal Test has raised $16 million in a second round of financing led by Evergreen Venture Partners as well as former investors – Carmel Ventures and Pitango. The round brings to $30 million the total VC funds raised by the company.

Optimal Test develops a test suite for maximizing IC yields through managed test results. In other words, Optimal Test produces efficiency reports on the yield of hardware chips and manages the entire testing chain, thus solving a major pain shared by all semiconductor companies. It manages to do so by combining automatic test equipment data with business enterprise data.

Dan Glotter, CEO and co-founder of OptimalTest, said:

“The money we have raised will help us establish support sites for new customers around the world, expand our workforce and continue to invest in the research and development of existing and new products. We are expanding at a fast pace and we intend to recruit more than 40 engineers and software professionals during 2008.”

TMS
It’s not the first time OptimalTest produces good news – last year the company sold its Test Management Solution (TMS) software to an undisclosed European semiconductor manufacturer in a money heavy licensing deal. OptimalTest was founded in 2005 and now employs 60 workers.

[via]

 

Eze Vidra
Follow me
Eze Vidra
Co Founder and Managing Partner at Remagine Ventures
Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel.

I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.

I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
Eze Vidra
Follow me
Latest posts by Eze Vidra (see all)
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Author
Eze Vidra
Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel. I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups. I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.

Comments are closed.

Previous Article

Monday Roundup: 10 Israeli Business Headlines

byEze Vidra
2.3K views
Next Article

Breakthrough for gamers: no more joysticks thanks to 3Dv Systems

byEze Vidra
1.7K views
Related Posts
Read More

Global From Day One: Two Can Win in the Market for Online Technical Support

Both FixYa and SupportSpace have demonstrated that there is significant consumer demand for online technical support services by taking very different approaches. While FixYa provides free access to a large repository of valuable troubleshooting insights, in addition to expert services, SupportSpace connects consumers with certified experts that resolve technical problems on web-connected devices.
bygmugliston
2.2K views
Read More

Nickels and Dimes in Israeli Venture Capital

The Israeli venture capital industry has experienced a $250 million decline in the past few months. Israeli venture capital funds have struggled to raise the target capital and the impact is likely to be felt on emerging technology companies in Israel.
byEze Vidra
2.5K views
Read More

Bitesize Monday: Indian Summer in Israeli VC funding (Takadu, Celeno, Superfish, Headway, Real Match)

The VC funding news from Israel are piling up on my inbox. Is it because there are more worthy companies for investment all of a sudden, or are VCs driven by the need to deploy some of their capital before the end of the calendar year?
byEze Vidra
7.6K views
Total
0
Share
0
0
0
0
0
0