Grenoble, France, September 28, 2020 –
Polygon Physics a global technology leader in advanced particle beams today announced the closing of a funding by ITIC, a leading Taiwanese venture capital firm, as the first investor in its initial funding round. The company is seeking to raise 2 million Euros to support its strong international development as a provider of innovative particle sources and compact multi beam sputtering tool. Polygon Physics addresses the growing demand of technology enhancement for surface physics in the fields of material analysis, figuring, etching and thin film deposition. Its patented technology allows to provide products with superior performance, reduced dimensions, and easy to use compared to the current products on the market. In addition, the technology offers a scalable capability allowing to process large areas far over today’s market solutions limitation.
ITIC, the Taiwanese venture capital firm, subsidiary of Industrial Technology Research Institute (ITRI) is bringing its extensive expertise and network to sustain Polygon Physics development.
Pascal Sortais President of Polygon Physics: “This investment, to be complemented shortly, will allow the company to grow and provide our technology advantages to new customers worldwide. ITIC is a partner of choice with its understanding of business sectors in which advances and innovation in material science are key.”
Cinnie Huang, Investment Manager at ITIC: “We are excited to be part of this journey with Polygon Physics. Their product’s unique positioning will surely shake up the ion deposition industries in the very near future.”
About ITIC: Established in 1979, ITIC is the venture arm of Industrial Technology Research Institute (ITRI). With over 6,000 tech experts, 24,000 alumni experts, and 25,000 patents in robotics, advanced materials, biotech at ITRI – ITIC brings a depth of tech expertise that few investment firms can rival with. ITIC has invested hundreds of millions in companies across the globe and nurtured industrial leaders like UMC, AUO and TSMC.
About Polygon Physics: Founded in December 2013 and based in Grenoble (France), the company provides solutions based on Electron Cyclotron Resonance plasma generation as particle sources used in various material analysis and process equipment. Its unique technology has already been adopted by equipment leaders providing the end-user new performances and no maintenance hurdles.