3i Systems, Riding On The High Growth TFT-LCD Market, Raises $6.5 Million For Its Second Round.BlueRun Ventures and Anxon International Led the Round GUANGDONG, China & MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif. -- 3i Systems, the first China-based provider of automated optical inspection Automated Optical Inspection (AOI) is an automated visual inspection of PCB(or LCD,transistor manufacture) where a camera autonomously scans the device under test for both catastrophic failure (eg. missing component) and quality defects (eg. (AOI AOI Area Of Interest AOI Automated Optical Inspection AOI Art of Illusion (3D modeling software) AOI Associated Oregon Industries AOI Angle Of Incidence AOI Age of Innocence (David Hamilton book, also a band) ) solution for the high growth TFT-LCD TFT-LCD Thin Film Transistor - Liquid Crystal Display market in Asia, announced today that it has completed a $6.5 million Series B financing round led by BlueRun Ventures and Anxon International. The financing will fund the ramping up of 3i's development capability to meet the strong demand from its customers in Asia. Headquartered in Guangdong province Noun 1. Guangdong province - a province in southern China Guangdong, Kwangtung of China, 3i Systems is founded by a global team of senior managers and technologists from the imaging, optics and semiconductor industry. The Company's innovative AOI technologies enable TFT-LCD manufacturers to achieve significantly higher yields and throughput with superior economic advantages. "This investment validates the success of our product development effort and customer traction," said Bo Li, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 3i Systems. "Both BlueRun Ventures and Anxon International truly understand the challenges in the TFT-LCD industry and the value we provide to our customers. We believe their global resources and experience in building great companies will help us execute on our strategic objectives for the next phase of our growth." Jui Tan, Partner, BlueRun Ventures, commented, "The TFT-LCD industry is undergoing tremendous growth as more LCD panels move into homes, offices and even elevators and lobbies. However, it also experiences increased pressure on profitability and throughput. 3i's solution provides the TFT-LCD manufacturers with significant economic advantages in yield and throughput that are essential in keeping the overall industry successful. We are really excited to be part of this." With this investment, Jui Tan and Peter Buhl, both Partners of BlueRun Ventures, will join the board of 3i Systems. About 3i Systems 3i Systems is an automated optical inspection (AOI) equipment solution company targeting the high growth TFT-LCD markets. The founding team possesses deep knowledge in the areas of optics and image processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished . Founded in 2004, 3i Systems is headquartered in Guangdong, China. About BlueRun Ventures Launched in 1998, BlueRun Ventures is a leading early stage venture capital fund. BlueRun Ventures' proven approach is to invest globally as a single fund in best-of-breed technologies and teams with the drive and ability to build leading global companies. BlueRun Ventures is headquartered in Menlo Park, California Menlo Park is a city in San Mateo County, California in the United States of America. It is located at latitude 37°29' North, longitude 122°9' East. Menlo Park had 30,785 inhabitants as of the 2000 U.S. Census. , with offices in Helsinki, Herzelia (Israel), Mumbai, Seoul, and Shanghai. For more information, visit www.brv.com. |
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