Pintail Technologies Secures $7M in Funding; Semiconductor Test Innovator Closes Series B.DALLAS -- Pintail pintail Any of four species (genus Anas, family Anatidae) of sleek, long-tailed, long-necked dabbling ducks that are swift fliers and popular game birds. The common, or northern, pintail (A. Technologies, a breakthrough provider in semiconductor test improvement solutions, today announced that it has secured $7M in Series B venture capital funding, bringing the company's total funding to date to $11.5M. Participating in the round were Austin Ventures, Agilent Ventures, Duchossois Technology Partners, IVF IVF in vitro fertilization. IVF abbr. in vitro fertilization IVF 1 In vitro fertilization, see there 2. Intravascular fluid Ventures and STARTech Early Ventures. "Leading semiconductor manufacturers are continually looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to reduce the cost of test and improve their quality and yield," said Clark Jernigan of Austin Ventures. "Pintail's foundation of real-time software for online decision making has opened up a whole new range of opportunities for customers to increase test throughput, improve quality and reduce response time without any changes to their existing capital infrastructure." "Pintail is distinguished by the companies it has engaged with during its development phase," stated Phil Kirk Phillip J. (Phil) Kirk, Jr. is a North Carolina political figure. He is a former chairman of the North Carolina State Board of Education (1997-2003) and a former president of the North Carolina Chamber of Commerce (then known as North Carolina Citizens for Business and Industry, or of Duchossois Technology Partners. "Companies like Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. , Qualcomm, STMicroelectronics and STATSChipPAC represent some of the most demanding semiconductor leaders in the world. The conflicting needs for higher levels of quality in markets like automotive combined with lowering cost of test in all consumer products are major challenges to the semiconductor industry. Pintail has developed innovative solutions to these challenges." The new funding will be used to expand the company's worldwide sales and support teams and to finance the development of additional test performance improvement solutions. Pintail Technologies' software products are built upon a platform-independent, real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. acquisition technology called SwifTest(TM)-Monitor that operates on-line in semiconductor test operations. The real-time data is made available to a variety of Pintail productivity solutions that include: --SwifTest-MX -- for mixed-signal test time acceleration --SwifTest-AQ -- for reducing field defects per new automotive electronics standards --TestScape(TM) -- an easy-to-use, real-time dashboard that provides global insight to test operations and also provides the basis for a new generation of OEE OEE Overall Equipment Effectiveness OEE Office of Energy Efficiency (Canada) OEE Overall Equipment Efficiency OEE Office de l'Efficacité Énergétique (Office of Energy Efficiency - Canada) and life cycle management tools Taylor Scanlon, Pintail's president and 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. added, "Investment in semiconductor test has taken a back seat to improving fab efficiency, especially in recent years. We are very pleased to be backed by these world-class investors in our quest to bring true innovation to test. Our value proposition is obvious when we hear that our customers are receiving significant benefits in every key area of concern in the test environment." Test improvement solutions from Pintail are proving to deliver measurable results in productivity, visibility, and accountability that achieve advances in cost reduction and quality: --30% test time reduction using existing designs and test equipment with minor test program edits --Reduced DPM (Documents Per Minute) The number of paper documents that can be processed in one minute. using advanced parts-average-testing techniques on-line --Dual application at wafer probe and final test with no performance penalty --Reduced errors and scrap due to real-time, online monitoring --Rapid access to useful information rather than analysis of volumes of old data --Reduced finger-pointing between departments and across the supply chain --Faster time-to-volume on new product rollouts Pintail's solution operates on all leading ATE systems and is now proven in volume production around the world. About Pintail Technologies Pintail Technologies is a semiconductor test improvement company that provides breakthrough software to reduce the cost of test and increase production output and quality through existing test equipment and programs. Pintail has created the first test improvement solutions to combine real-time test process control capabilities with innovative analytical programs in an integrated software Separate software components or applications that have been combined into one package. See integrated software package. suite designed for speed and accuracy. In addition, Pintail solutions impact cost and quality of testing through advanced sampling and parts averaging. Fabless and integrated device manufacturers See IDM. worldwide, in collaboration with leading test and assembly subcontractors and ATE vendors, use Pintail tools to increase their competitive advantage. More information on the company and its solutions is available at http://www.pintail.com. About Austin Ventures Austin Ventures has been working with talented entrepreneurs to build valuable companies since 1979. With $2.4 billion under management, AV is the most active venture capital firm in Texas, and one of the most established in the nation. With a focus on enterprise software, computer and communications hardware, and business services, Austin Ventures invests at all stages of company development, from $100,000 "planned experiments" to $50 million investments in management buyouts. For more information see www.austinventures.com. About Agilent Ventures Agilent Ventures is a business unit of Agilent Technologies This article needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Inc. dedicated to investing globally in groundbreaking, privately held, early-stage technology companies. Additional information about Agilent Ventures is available at www.agilentventures.com. About Agilent Technologies Agilent Technologies Inc. (NYSE NYSE See: New York Stock Exchange :A) is a global technology leader in communications, electronics, life sciences and chemical analysis. The company's 28,000 employees serve customers in more than 110 countries. Agilent had net revenue of $6.1 billion in fiscal year 2003. Information about Agilent is available on the Web at www.agilent.com. About Duchossois Technology Partners Duchossois Technology Partners (DTEC DTEC Department of Technical and Economic Cooperation (Thailand) DTEC Development Test and Evaluation Center ) is a leading Midwest venture capital firm based in Chicago. DTEC is dedicated to helping entrepreneurs build successful enterprises and takes a value-added approach to investing. DTEC invests in early-stage companies and focuses on networking, semiconductors and software. See www.duchtech.com. About IVF Ventures Founded in 1994, IVF is a venture capital firm based in Silicon Valley. In addition to traditional syndicated venture capital financings To start an own company or to bring a new product to the market, the venture may need to attract financial funding. There are several categories of financing possibilities. If it is a small venture, then perhaps the venture can rely on family funding, loans from friends , IVF focuses on highly structured investments and on providing liquidity to founders and officers of venture backed companies. Additional information about IVF is available at www.indventurefund.com. About STARTech STARTech Early Ventures, based in Richardson, Texas Richardson is a suburb in Dallas County and Collin County, Texas. As of the 2000 census, the city had a total population of 91,803, while according to a 2006 estimate, the population had grown to 99,200. , is an early stage venture firm focused on high-tech startups in Texas and Oklahoma. STARTech's mission is to create and grow viable companies in several technology sectors such as telecommunications, enterprise software, sensor networks, biotech, nanotechnology and semiconductors. Additional information can be found at www.startechev.com. |
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