Founded in March 2017 and based in Grenoble, France, Hprobe is a spin-off company of SPINTEC. The company markets equipment for wafer-level testing of magnetic devices in the semiconductor industry. Recently, the company has completed a new funding round driven by international investors.
The company has raised more than €2 million to support its strong international development in the field of spintronics based devices testing, such as MRAMs (Magnetic Random Access Memories) and TMR (Tunnel Magneto Resistance) sensors.
The funding round was led by High-Tech Gründerfonds (HTGF) along with ITIC, TEL Venture Capital, BNP Paribas Développement. The round was coordinated by SE13 Advisors, a French independent advisory firm in Venture & Private Equity offering strategic and financial advice to start-ups.
Laurent Lebrun, CEO of Hprobe:
This investment from major investment and semiconductor firms re-enforces Hprobe’s capability to become the leader of magnetic ATE. It will allow us to develop and strengthen the global sales team, create subsidiaries in target countries, and develop our next generation of magnetic generators, therein providing higher magnetic fields and shorter test times. We are delighted with the response from our customers and the support from our investors and look forward to continued growth. We couldn’t have asked for better partners sharing our vision to continue scaling Hprobe.
Main image picture credits: Hprobe
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